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JD Sports acquires stake in Footasylum

JD Sports Fashion has acquired an 8.3% stake in rival retailer Footasylum.

The Bury-based retailer said it had bought the 8,676,878 shares for “investment purposes”.

It added that it was prepared to acquire up to 29.9% of Footasylum, but is not intending to make an offer for the retailer.

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