LONDON, Sept 27 (Reuters) - British outdoor goods retailer Blacks Leisure Group Plc plans to put itself through a company voluntary arrangement (CVA), according to a report in the Sunday Times.
The move would involve it shedding about 80 stores of its 400-strong portfolio, which includes the Blacks, Millets and Free Spirit chains, and would put about 400 jobs at risk, the newspaper reported.
A spokesman for Blacks Leisure declined to comment.
On Wednesday, Blacks put its Sandcity surfwear business into administration as it battles to stem losses and produce a recovery plan that will win the continued support of its banks.
(Reporting by Matt Scuffham; Editing by David Holmes) Keywords: BLACKSLEISURE/CVA (matthew.scuffham@reuters.com; +44 20 7542 6734) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The move would involve it shedding about 80 stores of its 400-strong portfolio, which includes the Blacks, Millets and Free Spirit chains, and would put about 400 jobs at risk, the newspaper reported.
A spokesman for Blacks Leisure declined to comment.
On Wednesday, Blacks put its Sandcity surfwear business into administration as it battles to stem losses and produce a recovery plan that will win the continued support of its banks.
(Reporting by Matt Scuffham; Editing by David Holmes) Keywords: BLACKSLEISURE/CVA (matthew.scuffham@reuters.com; +44 20 7542 6734) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.