Blacks calls off takeover talks

OUTDOOR clothing retailer Blacks Leisure called off talks with potential suitors yesterday, saying none of the proposals were “sufficiently compelling” to take to shareholders.

The owner of the Blacks Outdoor and Millets chains said its board would instead focus on supporting the firm’s budding turnaround and opening additional stores.

Interested parties were said to include Argos owner Home Retail Group, Lloyds Development Capital and Lion Capital.

Blacks shares lost nine per cent yesterday to close at 35p.