JD Sports acquires haircare brand

Premium haircare firm Hairburst has bought a majority stake to JD Sports.

Premium haircare firm Hairburst has bought a majority stake to JD Sports.

Pinsent Masons acted on the transaction for Hairburst, which additionally acquired recommendation from Alantra, Sedulo, BDO and EY. Deal values weren’t disclosed.

Founded in 2014 and headquartered in Leeds, Hairburst manufactures high-end hair care merchandise, strengthening remedies and dietary supplements corresponding to shampoos, nutritional vitamins, serums to assist progress and add quantity, and hair-related equipment.

The brand has a notable on-line presence together with on social networking web site Instagram, and is lively in a number of markets worldwide together with France, Italy, the United States, the Middle East and North Africa area and South East Asia, in addition to the United Kingdom the place its merchandise are stocked at family title excessive road retailers corresponding to Boots, Superdrug, Sephora, and Holland & Barrett.

JD Sports has grown from a single store in Greater Manchester 4 a long time in the past to a considerable excessive road and on-line presence within the sports activities trend and out of doors leisure markets, itemizing on the London Stock Exchange since 1996, and presently has greater than 54,000 workers.

The deal constitutes JD Sports’ inaugural transfer into the sweetness phase, the place it hopes to reinforce Hairburst’s market share through additional enterprise acquisitions.

London-headquartered Pinsent Masons used a crew led by retail and shopper group head Tom Leman with help from wellbeing sub-practice chief Samantha Lewis, along with Josh Willis, Joshua Flew and Paul Galbraith.

In August White & Case suggested fee companies firm Klarna on its deal to amass New York-based e-commerce and social buying platform HERO and all of its workers, whereas US footwear retailer Foot Locker enlisted DLA Piper for its takeover of Japanese attire and footwear boutique Text Trading Company KK (Atmos) through a USD 360 million transaction.

https://iclg.com/ibr/articles/17283-jd-sports-acquires-haircare-brand

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