JD Sports to sell loss-making fashion business


LONDON (Reuters) - Retailer JD Sports plans to dispose of its loss-making fashion division to restructuring specialist Hilco Capital, the company said on Tuesday.

The group gave no indication on a price for its Bank division, which posted an 8.2 million pound ($12.85 million) operating loss for the six months to Aug. 2, but said the sale would cover some of the money lent by its more profitable operations to keep the fashion arm afloat.

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