Better Capital offers to buy JJB debt

Lloyds, JJB's main lender, is said to have refused to discuss the matter with Better Capital, according to a report by Sky News.

Better Capital could buy the debt as a way of ultimately gaining control of the business. This tactic is understood to have also been adopted by Invesco, which currently owns 47% of the sporting goods retailer.

Based in Wigan, JJB operates 180 stores and employs in excess of 4,000 people.

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• Topics
• UK / Ireland
• Consumer
• Better Capital LLP