BREAKING NEWS

BREAKING NEWS

Sports Direct drops Patisserie Valerie offer - FT

Sports Direct drops Patisserie Valerie offer - FT
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Darren Staples(Reuters)
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(Reuters) - Britain's Sports Direct Plc <SPD.L> has pulled its offer to buy Patisserie Holdings Plc <CAKEP.L> after just two days, the Financial Times reported.

In a letter on Sunday, Sports Direct wrote to cafe chain Patisserie Valerie's administrators, KPMG, complaining it lacked the information required to continue bidding for the group, the FT said https://on.ft.com/2URk6NA.

Sports Direct and KPMG were not immediately available for comment.

(Reporting by Gaurika Juneja; Editing by Dale Hudson)

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