Frasers Group exploring purchasing SportScheck out of administration

The retail, sports and intellectual property group had entered into an agreement with SportScheck owner Signa Retail in October which would have seen Frasers Group take full control of the business.  

However, following SportScheck’s filing for insolvency – alongside the wider Signa group entering administration – Frasers has exercised its right to withdraw from the transaction.

In a statement from the business, it added: “While Frasers is disappointed by the insolvency of SportScheck, it continues to believe that SportScheck is an attractive asset in one of Europe’s most important markets for Sports and it intends to work with the appointed preliminary insolvency administrator of SportScheck with a view to acquiring the SportScheck business/assets out of administration.”