In a deal worth €34 million, Frasers Group’s sports banner, Sports Direct, will be purchasing six Toys ‘R’ Us stores in Spain in a sale & leaseback deal. They are located in the cities of Alcobendas (outside Madrid), Sant Boi (outside Barcelona), Granada, Valencia, Málaga and Pamplona. Toys ‘R’ Us will continue to operate on the premises but share them, now as a tenant, with the British retailer. The stores in Sant Boi and Pamplona lie near the store of a competitor, either Decathlon or JD Sports. Sports Direct already operates four Spanish stores – in Torrejón de Ardoz, Alcobendas, Zaragoza and Castellón – out of a total of 700 in Europe.