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Frasers Group Acquires 71 Locations of Bankrupt Sports Club Competitor

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Frasers Group owner Mike Ashley has acquired certain assets of DW Sports, a former gym and retail rival, out of bankruptcy. The transaction is valued at 37 million pounds, or $48.3 million. DW Sports, a sports retailer and gym operation, collapsed into administration, equivalent to bankruptcy in the U.S., earlier this month. The deal provides…

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