Sports Direct is believed to be close to arranging to buy the most
profitable stores from JJB under a controversial "pre-pack"
administration, according to reports in the U.K. press.
JJB Sports put
itself up for sale at the end of last month as it sits on the brink of
administration.
The deal would reportedly see more than half of JJB's
180 stores closed.
Also reportedly showing interest in the
acquisition are restructuring specialists GA Europe and Hilco and
Stafford Group, the owner of Ireland's biggest sports retailer and the
owner of the Lifestyle Sports.
( SportsOneSource Media )
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