JD Sports Fashion is expected to make its debut on the Financial Times Stock Exchange 100 Index (FTSE 100) this week, as its market capitalisation reaches almost £6bn.
The sportswear specialist’s revenue almost doubled to £4.7bn for the 52 weeks to 2 February 2019.
Since then it has acquired menswear brand Pretty Green out of administration in April, and agreed to buy its footwear rival Footasylum – althought the latter is currently being investigated by the Competition and Markets Authority (CMA).
Meanwhile, it is thought Marks & Spencer will narrowly avoid falling off the FTSE 100 thanks to a £601m investment raised through a rights issue.
The outcome of the FTSE 100 reshuffle will be announced at the close of the markets on Wednesday, and will take effect from 24 June.