dr martens 1460 womens based retailer JD Sports Fashion acquires shoe retailer Cloggs
JD Sports Fashion acquires CloggsJD Sports has taken its internet business interests another stage further with the acquisition of shoe retailer Cloggs06:02, 15 FEB 2013Updated10:21, 5 MAR 2013Get business updates directly to your inbox+ SubscribeThank you for subscribing!
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Retailer JD Sports Fashion has snapped up online shoe retailer Cloggs out of administration as it looks to grow its internet business operations.
JD has paid an undisclosed sum for the business and assets of the Birmingham based retailer.
Bury based JD now plans to work with Cloggs’ suppliers, including Ugg, Vans and Dr Martens, to source new products.
which also has a store in Birmingham’s Bullring shopping centre, was founded in 1998.
JD said the business would continue to be based in Birmingham and all staff would be retained.
Executive chairman Peter Cowgill said: “The purchase of Cloggs presented a strategic opportunity for us to diversify our own online business.
“Cloggs’ casual footwear collection includes iconic brands such as Dr Martens, Fitflop, Converse, Vans and Hunter.
“We plan to invest heavily in the development of the website and work alongside these brands to develop the product range and customer base further.”
The deal is the latest in a series of retail acquisitions by JD, which bought Blacks Leisure out of administration in a deal last year.
In 2011, JD bought menswear retailer Cecil Gee and took a majority stake in the Spanish sportswear chain Sprinter.
The sale of Cloggs was negotiated by joint administrators Lila Thomas and David Acland of Begbies Traynor.
Ms Thomas said: “This sale has not only protected vital jobs in the retail sector, but has also provided an ambitious company with the opportunity to expand its own business and turn around the fortunes of Cloggs.
“In a year in which the headlines have already been dominated by retail failures and job losses,
this is a welcome good news story for the retail sector.”
Acquisitive JD has also snapped up a variety of fashion and sports brands in recent times, including Gio Goi earlier this month.
Other brands added to its portfolio in recent years have included Henleys, Source Lab, The Duffer of St George, Nicholas Deakins, Canterbury of New Zealand, ONETrueSaxon, Kooga,
Chilli Pepper, Nanny State and Sonneti.