Sir Sneaker has acquired an 8.3% stake in the smaller U.K. sneaker chain, which has been buffeted by the slowdown in the U.K. economy, and said it might acquire as much as 29.9% of the chain. JD said it is not intending to make an offer for the whole chain; however, it added that it might set that aside if certain conditions are met such as a competing offer for the chain, Footasylum agrees to be bought or certain other maneuvers. Shares in Footasylum leaped 58% in early trading on the news as the market noted that Sir Sneaker has ... Log in to view full article.