Trends & Features

Sports Direct withdraws Blacks bid

Sports Direct has withdrawn its offer to buy Blacks because of indications that some key suppliers would not supply Blacks if the Mike Ashley-owned chain’s bid for the outdoor retailer was successful.

A statement from Sports Direct issued today (March 31) said that: ‘In view of the importance of this matter and in order for Sports Direct to determine the level of any increased offer, Sports Direct requested confirmation of, and the details underlying, any supplier indications to Blacks.’

The statement went on to say that the Blacks board has neither provided this information, nor denied its existence, and without clarification in relation to this issue Sports Direct has been unable to finalise its views on the value of any potential offer.

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