Coronavirus pandemic and

JD Sports puts Go Outdoors in administration - 67 stores and 2,400 jobs at risk

Reading now: 162
www.mirror.co.uk

JD Sports has put Go Outdoors into administration, just four years after buying the company for £112million. Deloitte has been appointed to oversee the process - which puts 2,400 workers at risk across the chain's 67 stores JD Sports blamed high rents on its store for the decision.

The chain said said: "Specifically, the terms of the property leases in Go were extremely inflexible with the stores having an average remaining period to lease expiry of approximately 10 years with upwards-only rent reviews, many of which are fixed at rates above inflation regardless of the market rent in the location." Go Outdoors closed all its stores during April but began to reopen them from early May.

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA