// JD Sports exploring £400m share sale to help fund acquisitions and expansion
// It could launch an equity placing as soon as this week
JD Sports is reportedly exploring additional funding options, namely a £400 million equity placing, to help explore further acquisition and expansion opportunities.
According to Sky News, the sportswear retail giant was considering launching an equity placing as soon as this week.
READ MORE: Has JD Sports truly emerged as the “King of Trainers” during Covid-19?
This morning, JD Sports confirmed it was ”exploring additional funding options with a view to increasing flexibility to invest in future strategic opportunities and that this may involve a non pre-emptive equity placing. A further announcement will be made as and when appropriate.”
It comes in the wake of a recent wave of acquisitions by JD Sports – including Wellgosh and Shoe Palace within the last two months.
The retailer is also thought to be linked to a takeover of Arcadia Group’s Topshop, and at one point it was in talks to takeover Debenhams.
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