Sports Direct to give Blacks a helping hand

FTSE 250 high street retailer Sport Direct has reportedly offered to share its warehousing, supply chain and IT capability with struggling peer Blacks Leisure, according to the Financial Times.

FTSE 250 high street retailer Sport Direct has reportedly offered to share its warehousing, supply chain and IT capability with struggling peer Blacks Leisure, according to the Financial Times.

The paper, citing people familiar with matter, says that Sport Direct (which owns a 21% stake in Blacks) has proposed a joint venture which would help the smaller retailer refinance near-£40m of debt by scaling back costs.

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