JJB buys footwear firm for £1

UK retail chain JJB Sports said today it has bought Qube Footwear from a private equity group run by Scottish billionaire Tom Hunter for a nominal sum of £1 (€1.20).

JJB adds the 22-store Qube business to its growing footwear business, having already bought the Original Shoe Company in December last year for £5m (€6.3m).