JD Sports to buy Footasylum for £90m

Britain’s biggest sports retailer to acquire struggling smaller rival, which has 69 storesJD Sports, Britain’s biggest sports retailer, has agreed to buy its struggling smaller rival Footasylum for £90.1m.It is to pay 82.5p in cash for each share in the footwear and hoodie chain, in which it already owns an 18.7% stake. Related: Fashion chains struggle to shake off spectre of ousted foundersContinue reading...