Black Leisure news and archive

JD Sports buys Blacks´ business for GBP20 million

JD Sports Fashion confirmed on Monday its purchase of the trade, assets and brands of Blacks Leisure from the group's administrator, KPMG, for 20 million pounds. ''We are delighted to add another leading multi-branded retail proposition to our portfolio of retail businesses. We believe with the support of JD's operational disciplines and...

Fashion

Blacks Leisure to revitalise brands

Blacks Leisure fell deeper into the red after another tough year for its struggling boardwear business. The company is expected to press on with its restructuring, providing that Lloyds Banking Group agrees to lend the owner of Milletts further funds. Neil Gillis, chief executive, is embarking on a plan to cut costs, offload the boardwear...