business desk: He is also currently in the running to acquire the collapsed entertainment chain HMV. The tycoon's latest target is the loss-making Sofa, which was put up for sale recently, according to The Independent. Ashley is thought to be keen on adding the business, which has concessions in eight House of Fraser stores, to his high street empire. The Sports Direct founder has been on a buying spree over the past year, snapping up struggling retail chains including House of Fraser and the bike specialist Evans Cycles amid a high street crisis. The maverick businessman is pitted against the stock market-listed sofa retailer ScS Group in the final round of bidding. Sign up to the daily Business Today email or follow Guardian Business on Twitter at Business Desk There can be no certainty that a transaction will be concluded and a further announcement will be made in due course, the company said in a stock exchange announcement. ScS confirmed it was in discussions regarding a potential acquisition of the business and assets of Sofa, which include nine showrooms and a website.
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