- Alliance Trust 463.00 0.00
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+0.13 - Fidessa Group 1,970.00 0.00
- Rolls-royce Hlg 1,222.00 0.00
JD Sports acquires Blacks Leisure
Monday, 9th January 2012
JD Sports Fashion has acquired the trading assets and trade of Blacks Leisure Group from its administrators for £20m. The assets acquired comprise principally inventories, fixtures and fittings and intellectual property and the consideration is being funded from cash resources and existing bank facilities. JD Sports will be retaining a senior management team at Blacks led by chief executive Julia Reynolds.
A statement 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 group."
At 4:09pm:
(LON:JD.) John David Group (The) share price was +39.75p at 699.75p
Story provided by StockMarketWire.com
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