{"id":3795,"date":"2018-10-30T17:11:12","date_gmt":"2018-10-30T17:11:12","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/sports-direct-to-shut-evans-cycles-stores-in-rescue-deal\/"},"modified":"2018-10-30T17:11:12","modified_gmt":"2018-10-30T17:11:12","slug":"sports-direct-to-shut-evans-cycles-stores-in-rescue-deal","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/sports-direct-to-shut-evans-cycles-stores-in-rescue-deal\/","title":{"rendered":"Sports Direct to shut Evans Cycles stores in rescue deal"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Man on bike\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/EF42\/production\/_104105216_evans1.png\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Evans Cycles <\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Billionaire Mike Ashley has announced a deal to buy Evans Cycles which will see half of the bike chain&#8217;s shops close, resulting in hundreds of job losses.<\/p>\n<p>The struggling firm was placed into administration before being sold to Sports Direct International.<\/p>\n<p>Mr Ashley, who founded Sports Direct, said: &#8220;In order to save the business, we only believe we will be able to keep 50% of stores open in the future.&#8221;<\/p>\n<p>Evans, which is nearly 100 years old, has 62 shops and employs 1,300 people.<\/p>\n<p>Evans is the second retailer that Mr Ashley&#8217;s firm has rescued in as many months. In August, Sports Direct paid \u00a390m to buy House of Fraser shortly after the department store chain entered administration.<\/p>\n<p>James Keany at commercial property firm CBRE, which is advising Sports Direct on Evan Cycles, said: &#8220;We are looking forward to working with landlords in order to help create a sustainable business.<\/p>\n<p>&#8220;We will make contact with landlords over the next few days and discuss the future of individual stores.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46037259\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Evans Cycles Billionaire Mike Ashley has announced a deal to buy Evans Cycles which will see half of the bike chain&#8217;s shops close, resulting in hundreds of job losses. The struggling firm was placed into administration before being sold to Sports Direct International. Mr Ashley, who founded Sports Direct, said: &#8220;In order to &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3795"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3796"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}