JJB Sports shareholder Invesco 'looking at turnaround plan'
6th August 2012
TROUBLED retailer JJB Sports could be facing another round of cost cuts and store closures, according to reports.The Sunday Times said fund manager Invesco, the biggest shareholder in the Wigan company, is considering buying out the group's debt from Lloyd's Banking Group and implementing its own restructuring plan having grown frustrated over JJB's continuing troubles.It said US-based Invesco would work with Dick's Sporting Goods - a new significant shareholder in the business - on a turnaround plan which could see up to 80 of JJB......for the full story register now for free or login below...
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