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Birmingham Post
Birmingham Post
Business
Jon Robinson

JD Sports loses millions as it completes Footasylum sale to German group

JD Sports has completed a deal to sell Footasylum after being ordered to do so by the UK's competitions watchdog.

The Greater Manchester-headquartered group originally purchased the brand in March 2019 for £90m.

However, it has now sold it to Germany-based asset management group Aurelius Group for £37.5m.

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