JJB Sports sell-off to ensure survival - Business - Evening Standard
       

JJB Sports sell-off to ensure survival

Embattled sportswear chain JJB Sports is in talks to offload various "non-core" assets as it fights to save the company.

Last month auditor Deloitte & Touche issued a "going concern" warning, raising doubts about its future. The company declined to say which assets were up for sale, but they could include The Original Shoe Company or a near-10% stake in shirt-maker Umbro.

Chief executive Chris Ronnie and Icelandic group Exista bought a 29% stake from founder Dave Whelan last year for £190 million. Since then the sector has been buffetted by the downturn.

JJB shares have crashed more than 90%.

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