Independent retailers say rising employment costs are cutting entry-level jobs that have long helped young people gain work experience.
Sigma has acknowledged its participation in the process, telling the Financial Times it had “engaged in preliminary discussions in relation to the sale process”.
The Japanese sportswear retailer said the split is due to take effect on 1 January 2027.
The rollout targets 15 new openings per year, each expected to generate roughly 15 jobs.
The two businesses are being purchased entirely through the issuance of approximately 7.2 million shares of common stock.
