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British Retailer JD Sports to Buy US Rival Hibbett for $1.08 Billion

FILE PHOTO: JD Sports logo is seen on the exterior of a store in London, Britain, November 17, 2021. REUTERS/May James/File Photo
FILE PHOTO: JD Sports logo is seen on the exterior of a store in London, Britain, November 17, 2021. REUTERS/May James/File Photo
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British Retailer JD Sports to Buy US Rival Hibbett for $1.08 Billion

FILE PHOTO: JD Sports logo is seen on the exterior of a store in London, Britain, November 17, 2021. REUTERS/May James/File Photo
FILE PHOTO: JD Sports logo is seen on the exterior of a store in London, Britain, November 17, 2021. REUTERS/May James/File Photo

JD Sports Fashion has proposed to buy American athletic-fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as the British sportswear retailer expands across the southeastern US.
JD Sports, Britain's largest sportswear retailer, will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the US firm's last closing price.
The Bury, Greater Manchester-based company said it expects to fund the deal and refinance Hibbett's existing debt through its existing US cash resources of $300 million and a $1 billion extension to its existing bank facilities.
The enlarged group would have combined revenues of about 4.7 billion pounds ($5.80 billion) in North America, JD Sports said, adding that the region's contribution to total sales would increase to about 40% from the current 32%.

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Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
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Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)

Dolce & Gabbana beckoned the warm weather with crumpled, take-me-anywhere comfort in their menswear collection for spring-summer 2026, previewed during Milan Fashion Week on Saturday.

The show opened and closed with a relaxed pajama silhouette — deliberately rumpled and effortless — in a clash of stripes, with both shorts and long trousers.

The Beethoven soundtrack belied designers Domenico Dolce and Stefano Gabbana’s more deliberate intent, underscoring the designers' structured approach to soft tailoring.

A broad shoulder double-breasted suit jacket and tie worn with pink pinstriped PJ pants encapsulated the classic summer dilemma: work vs. pleasure.

Raw knitwear, or furry overcoats, added texture. Boxers peeked out of waistbands, and big shirt cuffs out of jacket sleeves, challenging formal and casual codes.

Nothing was cleaner on the runway than a crisp striped pajama top in sky-blue and white stripes tucked into white leather Bermuda shorts — good for work and for play.

The designers' finale featured pajama suits, shorts and pants, with beaded floral patterned embroidery for an evening seaside shimmer, worn with fuzzy sliders. Twin cameo brooches gave an antique accent.

The crowd outside got to share in the fun when the finale models took the looks onto the streets, taking a full lap outside the designers’ Metropol theater. Front-row guests included actors Zane Phillips, Theo James, Lucien Laviscount and Michele Morrone.