JD confirms £20m Blacks deal
9th January 2012
JD Sports Fashion has confirmed the acquisition of ailing outdoor retailer Blacks Leisure for £20m in cash.
The pre-pack deal will give the Bury-based chain nearly 800 stores. The company saw off rival bids from Sports Direct's Mike Ashley and Dragon's Den star Peter Jones to buy the debt-laden business.
Peter Cowgill, executive chairman said:''We are delighted to add another leading multi-branded retail proposition to our portfolio of retail businesses.
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