JD Sports group buys troubled rival

The owner of JD Sports today bought troubled rival Allsports for £18m (€26.5m).

Allsports went into administration last month with the loss of more than 1,300 jobs after a significant decline in sales and a price war among sportswear retailers.

Since then administrators have closed 92 under-performing stores and John David Group today said it had acquired the rest of the company.