JJB Decision looms

The fate of JJB Sports Plc (LSE: JJB) will be decided at meetings of its creditors and shareholders in London later this month.

The Wigan-based retailer today said it had finalised the terms of the proposed company voluntary arrangement designed to enable it to stop paying rent on closed down stores.

The deal needs the approval of 75 per cent of the landlords and the holders of more than 50 per cent of JJB