UK outdoor apparel and footwear retailer Blacks Leisure has confirmed it will go into administration but said it still hopes most of the business will be salvaged by buyers.

The company owns 98 Blacks outlets and 208 Millets stores and employs 3,600 staff. It failed to find an outright buyer after putting itself up for sale following poor trading. The firm has received offers for the trade, assets and brands of the group and expects to announce the appointment of administrators in the coming days to allow the sale as part of a pre-pack deal.

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