Sports Direct & JD Sports in race to buy Office

Mike Ashley & JD Sports boss Peter Cowgill in race to buy Office from it’s South African owner, Truworths International.

Truworths bought the Office chain in 2015 in a deal worth about £250million. In addition to its UK estate, it trades from stores in Germany and Ireland.

Mike Ashley and Peter Cowgill are reportedly in a race to acquire shoe retailer Office, just days after they locked horns over a controversial order for JD Sports to sell Footasylum.

Frasers Group shareholders have previously expressed concerns over Ashley’s buying spree – which has in the past included Evans Cycles, Game Digital, House of Fraser, Jack Wills and Sofa.com.