JD Sports Fashion Plc agreed to buy smaller rival Footasylum Plc in a deal value...
FILE PHOTO: People pass a JD Sports store in London, Britain April 11, 2017. REUTERS/Neil Hall/File Photo
The company, which had raised its stake to more than 18 percent last month, had previously denied that it was planning to make an offer for Footasylum. Like other retailers, however, Footasylum is feeling the impact of sluggish British consumer spending, squeezed household incomes and uncertainty ahead of Brexit.
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