JD Sports Fashion is understood to be close to buying JJB’s Original Shoe Company and Qube chains.
JD Sports Fashion is understood to be planning to buy around 100 Original Shoe Company and Qube stores.
JJB Sports put its “non-core” assets up for sale this morning following the appointment of KPMG last week to advise the business on its future and to negotiate with its banks.
JJB Sports has been hit by a raft of difficulties in recent weeks including the pulling of credit insurance for its suppliers and landlords sending in the bailiffs to some of its stores after JJB sent out post-dated rent cheques.
JJB Sports declined to make any further comment. JD Sports Fashion were unavailable for comment.