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JD Sports Enters South Korean Market with Hot-T Investment

LONDON, United Kingdom — British sportswear retailer JD Sports Fashion said on Friday it had continued its global expansion with a joint venture deal to enter the South Korean market.

JD said its agreement was with footwear retailer Shoemarker and its J&S Partners unit, which currently trades as Hot-T.

The British firm has purchased an initial 15 percent of Hot-T for £5.5 million ($ 7.4 million) and has a call option to buy a further 35 percent stake following the finalisation of Hot-T’s year to December 31 2017 accounts.

JD said it intends to exercise the option and re-brand the Hot-T stores as JD, though the business would continue to be operati…
The Business of Fashion

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