Retailer JJB Sports up for sale amidst growing losses
Sportswear retailer JJB has been placed on the market for sale having seen a decline in sales of 3.3 per cent in recent weeks.
The company’s directors have decided that they are unable to raise further capital to turnaround the group’s trading performance, and chosen to implement a formal sales process through KPMG LLP.
Bob Corliss is still set to take on the role of chairman from the start of September and will lead the sales process, it has said.