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JJB contemplates selling small store leases

JJB Sports might decide to cut some of its debt by selling the leases on smaller high-street stores.

The 430-store group has unveiled a buyout proposal estimated at up to £540m.

The company has been shedding smaller stores in favour of larger outlets.

References: The Times 26/03/03 page 24, (Need to know), page 25, page 26 (Tempus), Financial Times 26/03/03 page 21, page 22, page 44 (Markets – London), The Guardian 26/03/03 page 19, The Daily Telegraph 26/03/0

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