Acquisition of Evans Cycles

RNS Number : 7638F

Sports Direct International Plc

30 October 2018

 

30 October 2018

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or "Company" or the "Group")

Acquisition of Evans Cycles

Sports Direct announces the acquisition of Evans Cycles, the UK-based specialist bike retailer, from the administrators of F.W. Evans Cycles (UK) Limited.

Chief Executive Mike Ashley commented: "We are pleased to have rescued the Evans Cycles brand. However, in order to save the business we only believe we will be able to keep 50% of stores open in the future. Unfortunately some stores will have to close."

James Keany at CBRE has been retained on all property related aspects. Mr Keany said: "We are looking forward to working with landlords in order to help create a sustainable business. We will make contact with landlords over the next few days and discuss the future of individual stores."

Ends.

Sports Direct International plc Cameron Olsen, Company Secretary LEI: 213800JEGHHEAXIJDX34	T. 0344 245 9200 E. [e-mail]
KBA PR                                  Keith Bishop	T. 0207 734 9995 E. [e-mail]

 

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