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Blacks sale talks break down

Outdoors specialist Blacks Leisure has ended discussions with potential buyers after no agreement on a suitable deal could be reached.

The retailer said it had received offers for all or part of its business but maintained: “It is the view of the board that none of these are sufficiently compelling to pursue further in the context of the continued success of the company’s turnaround programme.”

The retailer said it was not aware of any other potential bid interest and that it would concentrate on its revival strategy.

Blacks appointed McQueen to advise on a potential sale in October last year after receiving multiple approaches. Rival retailer Go Outdoors and private equity firm Lloyds Development Capital were among those understood to be interested in buying Blacks.

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