TUESDAY 6 AUGUST 2019

Sports Direct rescues Jack

Wills in £12.75m deal

The chain was put up for sale by its private equity owner Bluegem Capital (PA)

ALYS KEY

Sports Direct has won the bidding war for Jack Wills, adding yet another brand to Mike Ashley‘s high street
empire.

Advisers at KPMG said Jack Wills had been put into administration on Monday and was immediately sold
to Sports Direct in a process known as a pre-pack administration.

The sale, for which Sports Direct paid £12.75m, includes all 100 UK and Ireland stores and stock, as well as
a distribution centre, along with all employees.

Business