Jjb to Wipe Slate Clean [Edition 3]

Mail on SundayMay 18, 2009

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Summary


JJB Sports is expected to reveal a write-down of at least Pounds 60 million when it reports annual results and updates investors on its performance and plans on Thursday.

The balance sheet adjustment, which relates in part to the closure of stores last year and its former chains Original Shoe and Qube, is part of an ongoing attempt by Sir David Jones to draw a line under the company's woes.

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Extract


Jjb to Wipe Slate Clean [Edition 3]

JJB's creditors last month overwhelmingly agreed to h...

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