Blacks looking for offers
Following speculation in the media, the company issues a statement today saying that, “The board confirms that it is in preliminary discussions with several parties regarding either a possible offer for the company or an offer to acquire certain of the company's trading activities and related assets,”
No parties have been disclosed by Blacks but Lion Capital may be a possible contender.
Blacks runs 313 outlets across the UK and Ireland. Its Millets brand trades from 208 stores and Blacks Outdoor from 91 stores.
Corporate advisory house McQueen has been retained by the company to advise the board over the bid talks.
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