BikeBiz Bicycle and cycling retail news
Following reports earlier in the week, JD Sports has confirmed it will buy ailing retail and brand owner Blacks Leisure Group, for £20 million.
According to reports, JD will now evaluate the outdoor retailer’s 300 stores (including 100 Blacks outlets and 200 Millets shops) before deciding which will be retained.
A statement from JD said: "Following the elimination of any underperforming stores and other cost reduction initiatives we believe the business can be run successfully as independent fascias within the [JD Sports] group."
JD hasn’t taken on Blacks’ debts as part of the buy out.
