UK sportswear firm JD Sports Fashion has confirmed it is close to acquiring “certain assets” of retailer Blacks Leisure.

JD, whose largest shareholder Pentland owns outdoor brands Berghaus and Brasher, has reportedly offered £20 million for the majority of the 300 Blacks and Millets stores and will retain many of Blacks’ 3,500 staff. However, it is not expected to want the company’s warehouse and head office.

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