
JD Sports said Wednesday it plans to sell about 6% of its shares to build a warchest as the biggest sportswear retailer in the UK seeks further acquisitions. Its current market capitalisation is around £7.95 billion
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JD Sports said Wednesday it plans to sell about 6% of its shares to build a warchest as the biggest sportswear retailer in the UK seeks further acquisitions. Its current market capitalisation is around £7.95 billion
JD Sports hasn’t stopped looking for acquisitions and on Monday it said that it has reached a conditional agreement to buy US-based DTLR Villa, the “hyperlocal athletic footwear and apparel streetwear retailer”.
A short statement from JD Sports on Tuesday morning suggested that the company has ambitious plans to make further acquisitions.
There's a new frontrunner in the race to buy Topshop, Topman and Miss Selfridge with Asos being suggested as the lead contender on Saturday evening, which could mean the chances of saving any stores are slim.
The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
More bad news for Arcadia staff came on Tuesday as it emerged that the company’s administrators are closing the 21-store Outfit chain along with 10 other shops.
Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.
Buy Now, Pay Later online payments platform Clearpay has released its October-December trends, confirming comfortable clothing, jewellery and beauty were the holiday shopping season’s top picks.
JD Sports is reportedly linking up with Authentic Brands Group (ABG) to try to buy Topshop, the leading brand in the portfolio of failed fashion retail giant Arcadia.
JD Sports Fashion seems to have had a good year so far and festive trading period, despite the “backdrop of further forced temporary store closures" in many global territories.