JD Sports eyes key stake bid in Missguided

JD Sports is reportedly among a small group of parties in talks about a possible investment in online retailer Missguided.

A report from Sky News revealed that the sports fashion giant is in discussions with Missguided founder Nitin Passi and the company’s advisers, which could potentially lead to a majority stake in the business or an outright takeover.

JD Sports also considered takeovers of Topshop and Debenhams last year.

The talks are not yet close to conclusion and different structures are being assessed by the online fashion brand, according to the news site’s city sources.

While the proposal from JD Sports is believed to involve having a controlling interest in the company, it is not clear if its founder is interested in a majority stake sale.

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