JD Sports has eyes on yet another fashion retailer!
Earlier this year, JD Sports had also acquired athleisure brand Gym King, besides buying apparel retailer Oi Polloi and Missy Empire.
The British sports retailer, reportedly, is now in talks to acquire the well-known online fashion retailer Missguided.
Though none of two parties has officially confirmed on the same, there are reports that JD Sports is one amongst several parties interested in investing in the UK-based fashion e-tailer.
Investment in Missguided would mean acquiring a majority stake in the operation, though experts believe Nitin Passi, Chief, Missguided, may have other ideas. Several investors are in talks with Missguided, and so Nitin has lots of options to pick from.
Nitin had earlier this year appointed investment bank Rothschild & Co to find prospective investors, so as to expand the business. Back then, the firm was expected to sell a minority stake and raise up to £100 million.
There were also reports then that fundraising could lead to bigger stake sale or a stock market flotation.
We will keep you posted on all latest developments on the same.