JD Sports Confirms Exploring Additional Funding Options

JD Sports Confirms Exploring Additional Funding Options

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.

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