Shares in Footasylum have raced higher since JD Sports announced it has bought a stake.
The shares are up 75% at 50p - but still remain well below the levels around 165p they were trading at in June 2018 when it first starting admitting that trading was under pressure.
The business was only floated on AIM in November 2017 and at the time made Clare Nesbitt, at 30, the youngest chief executive of a London-listed company.
She is the daughter of David Makin who along with John Wardle founded JD Sports.
Mr Makin founded Footasylum in 2005 after selling out of JD Sports.