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JD Sports Invests in Footasylum, Boosting Shares at Both Retailers

U.K. athletic apparel retailer, JD Sports, has purchased an 8.3 percent stake in footwear retailer Footasylum, with a stated interest to acquire more shares over time. Footasylum has been facing tough times of late, issuing two trading updates in 2018 lowering expectations for the year’s earnings—including the most recent update in Jan. 2019 that announced…

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