UK: Sports Direct silent on Elverys takeover talk
UK retailer Sports Direct has refused to be drawn on reports it is looking to acquire Elverys, the oldest sports chain in Ireland.
According to a report in The Guardian, Sports Direct's Irish partner Heatons has offered to pay EUR2.5m (US$3.4m) more than a EUR10m offer from the Elverys management.
Elverys, which runs 55 stores in Ireland, was set to be placed into receivership before being acquired by a management team backed by financial firm Capnua.
Sports Direct declined to comment when contacted by just-style.
The sports retailer has been adding to its existing brand portfolio for some time. Last year, it acquired a majority stake in outdoor clothing and equipment business Yeomans, and bought camping and outdoor brand Gelert out of administration.
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