Blacks Leisure in death spiral as Sports Direct pulls out

Sports Direct, the discount sports clothing chain, has withdrawn its offer for Blacks Leisure, sending the hobbled high street retailer's shares into a potential death spiral.

Sports Direct, the discount sports clothing chain, has withdrawn its offer for Blacks Leisure, sending the hobbled high street retailer's shares into a potential death spiral.

Blacks put itself up for sale on 7 December after a terrible year in which profit warnings had driven its share price down 90%.

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