20m Blacks Leisure Group deal JD Sports Fashion has announced it has bought Blacks Leisure Group out of administration in a deal worth £20m.Dumps Cisco 642-813 Braindumps Bury-based JD, which is funding the deal using cash and existing bank facilities, said it expects to close a number of the 290 stores included in the acquisition. Blacks, which posted an operating loss of £2. 5m for the year to March, 2011, trades under the Blacks and Milletts brands, and also has its own brands in Eurohike and Peter Storm. A JD statement said: "We will evaluate the performance of each store in the coming months in order to reach a conclusion about the number of stores which will be retained long term. " It added: "We will be retaining a senior management team at Blacks led by the chief executive Julia Reynolds. "Following the elimination of any underperforming stores and other cost reduction initiatives we believe the business can be run successfully as independent fascias within the group.Discount Red Bottom Shoes " JD says the deal is expected to lead to a minor reduction in earnings in the year to January 28, 2012. It added: "Thereafter, the earnings impact of Blacks will depend on how quickly we can deal with the store portfolio, rejuvenate the offer and realise the necessary cost reductions and synergies. "We anticipate that Blacks will not make a material difference to the Group's overall performance in the year to January, 2013. " JD's executive chairman Peter Cowgill said: ''We are delighted to add another leading multi-branded retail proposition to our portfolio of retail businesses. "We believe with the support of JD's operational disciplines and financial strength, along with the existing Blacks management team, we can restore the Blacks business to a profitable market leading position.Cheap Ray Bans "