JD Sports has bought Blacks Leisure after it was recently placed into administration.
JD Sports has paid 20Million and will now undertake a review of the performance of each store. JD Sports plc includes the JD Sports brand as well as Size?, Scotts, Bank and Chausport.
The stores nationally were previously all under threat of imminent closure and this is a welcome reprieve. JD Sports intends to rejuvenate the Blacks Leisure Business although there remains a threat of closure for poor performing stores.