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Frasers Group withdraws SportScheck acquisition, mulls insolvency buyout

Frasers Group has said that it has “exercised its rights” to withdraw from its binding agreement to acquire Austrian sports retailer SportScheck after it filed for insolvency. Frasers had initially announced the deal with SportScheck owner Signa Retail Department Store Holding in October, which would have seen it acquire 100 percent of the...