JD Sports considering takeover of 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.

Missguided was founded by Passi in 2009 and has fast become one of the major UK names selling fast fashion online.

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.

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

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