JD Sports store. Shutterstock.
JD Sports Fashion Plc confirmed on Tuesday that it was exploring additional funding options which may involve a non-equity placing, as it looks to increase its flexibility to invest in future strategic opportunities.
The announcement comes a day after Sky News reported JD Sports Fashion was in talks about a £400 million ($545.56 million) share sale, and was considering to launch the placement as early as this week.
Last month, JD bought Shoe Palace for $325 million in cash to expand its business on the US West Coast.
By Indranil Sarkar; editor: Rashmi Aich.