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High street chain shuts 100 stores

PUBLISHED: 12:24 08 October 2009 | UPDATED: 11:07 23 August 2010

AN OUTDOOR pursuits and leisure company has announced the closure of nearly 100 stores nationwide. Blacks Leisure Group Plc, which owns Blacks, Milletts and Free Spirit high street chains, announced last Wednesday it is closing down 89 loss-making stores

AN OUTDOOR pursuits and leisure company has announced the closure of nearly 100 stores nationwide.

Blacks Leisure Group Plc, which owns Blacks, Milletts and Free Spirit high street chains, announced last Wednesday it is closing down 89 loss-making stores.

This is to include Blacks - the outdoor clothing shop - and Free Spirit surf-wear at Bluewater shopping centre in Greenhithe.

A spokesperson for the group said: "Whilst it is highly regrettable that the company is having to take these steps, both actions will ultimately strengthen the business and help ensure that a successful and profitable outdoor retailer emerges from the current restructuring process.

"However, further restructuring is still required to satisfy the condition to the standstill agreement, which the company continues to develop with its advisers, KPMG."

Blacks will now consult with employees at its Northampton head office regarding the loss of around 50 roles, representing about 20 per cent of the total head office workforce.

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