UK’s JD Sports activities Trend acquires Cosmos Sport in Greece & Cyprus



JD Sports activities Trend Plc, one of many world’s main retailers of sports activities, style and outside manufacturers, has acquired 80 per cent of Cosmos Sport S.A. in Greece and Cyprus. Previous to completion, Cosmos was 70 per cent owned by the Tsiknakis Household with EOS Capital Companions AIFM, who invested into the enterprise in 2019, holding a 30 per cent stake.

EOS have disposed of their whole holding on this transaction, JD Sports activities mentioned in a media launch.

Based mostly in Crete, Greece, Cosmos was based in 1982 by Fragiskos Tsiknakis who continues to be energetic within the enterprise though he has handed over each day operational duty to his three sons Michail (CEO), Eleftherios (head of property and personal label) and Konstantinos (head of economic and shopping for).

JD Sports activities Trend Plc, one of many world’s main retailers of sports activities, style and outside manufacturers, has acquired 80 per cent of Cosmos Sport S.A. in Greece and Cyprus. Previous to completion, Cosmos was 70 per cent owned by the Tsiknakis Household with EOS Capital Companions AIFM, who invested into the enterprise in 2019, holding a 30 per cent stake.

Cosmos operates 57 shops in Greece and three in Cyprus beneath quite a lot of retail banners and related buying and selling web sites with the principal ones being Cosmos (32 shops) which is the core fascia of the enterprise and has an elevated sporting items/life-style proposition and Sneaker 10 (19 shops) which has a extra premium footwear supply. Within the yr ended December 31, 2020, Cosmos generated revenues of roughly €52 million.

Peter Cowgill, government chairman of JD Sports activities Trend Plc, mentioned: “That is one other thrilling acquisition for JD that additional expands our presence in Europe. We welcome the extremely skilled and educated Tsiknakis Household to the Group and we glance ahead to working with them on the event alternatives within the area.”

Fibre2Fashion Information Desk (KD)

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