JJB Sports puts up 'for sale' sign
31/08/2012
It has struggled for a number of years, restructuring and ploughing investors' capital back into the business with the hope of reversing its fortunes. But with debts of £6m, it has now asked financial adviser KPMG to seek buyers.
The business - which operates 180 outlets and employs about 4,000 staff - has faced strong competition on the high street in recent years from rival Sports Direct.
Analysts have said they expect JJB to survive, but in a different form and with fewer stores. A number of private equity firms are reportedly eyeing the business.
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