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Article Date: August 2022
Word Count: 138

JD Sports Divests Footasylum

The U.K. parent of Finish Line and other banners has contracted to sell Footasylum and its associated subsidiaries to European PE firm, Aurelius Group for £37.5 million ($46.0 mm). JD paid £90.1 million in Mar. 2019 to acquire the competing sneaker chain, so the divestiture represents a considerable haircut. Aurelius is a pan-European private equity group with offices in Luxembourg, ... Log in to view full article.


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