View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 9, 2021

JD Sports weighing bid for Missguided?

Sports retail giant JD Sports Fashion Plc has refused to be drawn into speculation it is weighing a bid for online fast-fashion giant Missguided.

By Hannah Abdulla

According to a Sky News report, JD Sports is among a number of parties in bid discussions with the founder of Missguided, Nitin Passi, and the company’s advisers.

The rumour comes a week after JD Sports had its proposed takeover of rival Footasylum blocked by the UK Competition and Markets Authority once again, despite a successful challenge of an earlier ruling against it.

Citing city sources, the report claims talks between the online retailer and its suitors were not yet on the brink of a conclusion and “different structures” are being considered.

JD Sports’ proposal is said to involve the acquisition of a controlling interest in Missguided.

However, a spokesperson for JD Sports declined to comment when approached by Just Style.

Missguided did not return a request for comment.

Last year, Missguided signed the Transparency Pledge, listing its tier 1 manufacturing facilities on its website.

It came after it was targeted as one of 16 UK fashion retailers quizzed by MPs on what they were doing to reduce the environmental and social impacts of the apparel they sell, amid concerns the so-called ‘fast-fashion’ business model encourages over-consumption and generates excessive waste.

JD, meanwhile, took a significant minority stake in UK lifestyle performance brand Gym King and a majority stake in Spanish online sports retailer Deporvillage earlier this summer.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style