
JD Sports Fashion Plc , the British sports and fashion retailer, is considering a bid for struggling rival JJB Sports Plc , according to a source familiar with discussions between the two companies.
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JD Sports Fashion Plc , the British sports and fashion retailer, is considering a bid for struggling rival JJB Sports Plc , according to a source familiar with discussions between the two companies.
British sports and fashion retailer JD Sports Fashion Plc on Tuesday said it had bought a 10 percent stake in rival sports retailer JJB Sports for around 8.1 million pounds ($12.24 million).
Sports Direct , the British sporting goods retailer controlled by billionaire Mike Ashley, has built up a 22 percent stake in rival JJB Sports in what it described as a strategic investment.