(Alliance News) - JD Sports Fashion PLC is weighing an investment in online women's fashion retailer Missguided that could involve an outright takeover of the business, Sky News reported late Wednesday.
According to Sky News, JD Sports is among a number of parties in discussions with Missguided's founder Nitin Passi and the company's advisers. The proposal is said to involve the acquisition of a controlling interest in Missguided, although it was unclear on Wednesday whether Passi was keen on a majority stake sale.
Missguided, popular among Millennial and Gen Z shoppers, is being advised by bankers at Rothschild and is also understood to be talking to a small number of other prospective investors, Sky News reported.
JD Sports shares ended down 0.5% at 1,036.50 pence on Wednesday in London.
https://news.sky.com/story/jd-sports-fashion-weighs-bid-to-swallow-online-retailer-missguided-12402410
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
JD Sports (JD.)