It said the move would "preserve as many jobs as possible" at Go Outdoors, which sells waterproof clothing, bikes and camping products. Shares in JD Sports dropped almost two per cent as trading started in London this morning, June 22. Sunday June 28 2020, 12.01am, The Sunday Times. JD Sports, who own the company, said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. Found something we sell cheaper? Go Outdoors specialises in camping equipment, bikes and outdoor clothes, it employs around 2,300 people at 67 stores. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. I am still waiting for the £65 refund, the clamp and the tools 25 days on. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. JD Sports Fashion has filed a notice of intention to appoint administrators to its subsidiary Go Outdoors. JD Sports is preparing for a possible pre-pack administration of Go Outdoors after the retailer was laid low by the lockdown.The FTSE 100 sportswear and … Retailers that have sadly fallen into administration this year include Victoria's Secrets, Oasis, Warehouse and Debenhams. It accounts for 5% of the group’s annual revenue. Go Outdoors isn't the only retailer to confirm money struggles during the coronavirus crisis. Go Outdoors, which sells camping equipment, bikes and clothes, was forced to close all its stores in March due to the ongoing coronavirus crisis. However, it said it determined that the business had a potential future within the wider group “if fundamentally restructured”. JD Sports has bought back its Go Outdoors business for £56.5 million after pushing it into administration. We've got a full round-up of all the shops and restaurants that have gone bust here. JD sparked uproar by dumping Go Outdoors into administration before buying it back. “Most importantly, we are pleased that it will protect the maximum number of jobs possible.”. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. The move could potentially put 2,400 jobs at risk across its 67 stores. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. The chain has a large store in Old Abingdon Road, Oxford. GO Outdoors was put into administration by its owner, JD Group, on 23 June 2020, but promptly purchased back afterwards.A new, simplified logo was revealed shortly after this … But according to the letter from UK Outdoors, which represents 15,000 people and organisations, the continuing freeze on residential school trips … The move could … Go Outdoors employs … Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Data returned from the Piano 'meterActive/meterExpired' callback event. Read the latest Tyne Tees stories, Jobs risk across our region as Go Outdoors looks set to go into administration on ITV News, videos, stories and all the latest Tyne Tees news HP10 9TY | 01676637 | Registered in England & Wales. JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future. JD Sports has bought its subsidiary Go Outdoors back for £56.5m in a bid to renegotiate better rents with landlords after putting the business into administration earlier this week. GO Outdoors is on the brink of collapsing into administration, in what would be the latest casualty to hit the UK high street. In a statement on the London Stock Exchange website, JD Sports Fashion PLC said: "The Group can confirm that it has considered a number of strategic options for Go Outdoors and that Go Outdoors' directors have lodged the Notice in Court. Go Outdoors promised to refund £65 in compensation for the damage which was accepted, and to send out the tools and seat clamp asap. JD Sports buys Go Outdoors back out of administration. ©Copyright 2001-2021. JD Sports added that all existing staff will be transferred as part of the pre-pack administration sale. 2020-06-24T06:28:00+01:00 By Grace Bowden. Exploring the great Scottish outdoors. Picture: Newsquest The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Today, the Baker-Polito Administration announced that on Friday, November 27, 2020, the Department of Conservation and Recreation (DCR) will recommend six different hikes as part of the agency’s annual “Go Green on Black Friday” campaign, which encourages residents and visitors to venture outdoors and enjoy the natural resources of the Commonwealth on the day … Time for a stroll – says outdoors writer Helen Moat – a literary treasure hunt created as a millennium project by Middleton and Smerrill Parish around its boundary (sitesofmeaning.org.uk).In Middleton-by-Youlgreave I find the village stone, a focal point radiating lines out to the 17 Sites of Meaning, which mark the 17 entrance points to the parish. “This successful sale will provide Go Outdoors with an opportunity to restructure its business to secure its future for the long term. The retail group hired administrators from corporate finance firm Deloitte earlier on Tuesday, June 23, after it saw sales hammered by the coronavirus crisis. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The BBC is not responsible for the content of external sites. READ MORE: 2400 jobs at risk as Go Outdoors close to collapse Duration: 1:30:00. JD Sports Fashion is launching an insolvency process at Go Outdoors four years after buying it, Sky News learns. Go Outdoors is the latest retailer pushed to the brink during the coronavirus crisis. However, while owner JD Sports insists it will protect ‘the maximum number of jobs possible’, it also confirmed it will now push forward with large-scale restructuring efforts. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Picture: Newsquest. See insights on GO Outdoors including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Single-mum wins Universal Credit court case to get childcare paid upfront, Martin Lewis explains how to reclaim £100s from your energy supplier, Half a million year-old caves that span 7 miles on sale for £150k, Sainsbury's Valentine's Day meal deal includes oysters, steak and GU desserts, 14 money saving tips that could help you save £1,000 before the end of February, ©News Group Newspapers Limited in England No. We may then apply our discretion under the user terms to amend or delete comments. On Saturday, Sky News had exclusively revealed that Go Outdoors was on the brink of administration - four years after retail giant JD Sports Fashion first bought it for £100m. The UK's Biggest Outdoor Stores. It said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. The … The owner of camping and hiking specialist retailer, Go Outdoors, is set to call in administrators, as the coronavirus pandemic continues to pile pressure on the high street. A Gannett Company. JD Sports’ Go Outdoors brand tumbles into administration. JD Sports bought Go Outdoors in 2016 for £112 million. Wassailing, Salt and Seals. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. JD Sports, which owns the chain which has a large store in Gloucester, said it had looked into options for Go Outdoors and that administration seemed to be the way forward, as reported by the BBC. Wassailing, Salt and Seals. Go Outdoors Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. JD Sports, who own the company, said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. We'll beat it by 10% Sam Chambers. The firm has 528 stores and employees 4,190 staff. Available now. Get involved with the news in your community, This website and associated newspapers adhere to the Independent Press Standards Organisation's Editors' Code of Practice. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. GO Outdoors is on the brink of collapsing into administration, in what would be the latest casualty to hit the UK high street. JD Sports, which owns the chain which has a large store in Gloucester, said it had looked into options for Go Outdoors and that administration seemed to be the way forward, as reported by the BBC. The 12,000 jobs at Debenhams are set to go over the coming months unless the administrators do a deal for all or parts of the business. Big brand outdoor clothing, tents & camping, cycling and more. It comes after Go Outdoors is understood to have conducted a separate sale process in recent weeks. Go Outdoors goes into administration – but is bough back by JD Sports ready for restructure and store lease revamp As expected , JD Sports has put Go Outdoors into administration – however, the retail group has bought back the camping chain as it sees it as a viable business if it can be restructured, pay down its debts and renegotiate leases. If you are dissatisfied with the response provided you can contact IPSO here. These adverts enable local businesses to get in front of their target audience – the local community. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, Go Outdoors could be the next retailer to fall into administration, Shoppers queue with social distancing measures as high street reopens in UK, shops and restaurants that have gone bust, Independent Press Standards Organisation (IPSO). But the outdoor activities retailer has been struggling long before the pandemic - it lost £54.9 million in the six months to August 3 last year. Go Outdoors rescued from administration with jobs saved at eleventh hour. JD Sports has bought its subsidiary Go Outdoors back for £56.5m in a bid to renegotiate better rents with landlords after putting the business into administration earlier this week. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Michael Magnay, joint administrator, added: “Like many high street retailers, Go Outdoors Ltd has been seeking to address a number of underlying business challenges in the current UK retail environment, which have been exacerbated by the impact of Covid-19. The Go Outdoors camping stores chain is going into administration. This site is part of Newsquest's audited local newspaper network. Available now. By Hugh Radojev 2020-06-22T06:17:00. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). Go Outdoors Go Outdoors' owner has called in administrators for the business as the effects of coronavirus piles pressure on High Street retailers. Go Outdoors (Image: Derby Telegraph) JD Sports bought back its Go Outdoors business for £56.5million after pushing it into administration in June. JD Sports said it considered potential options for the chain, which has 67 stores nationwide, in May, including a potential sale. You can make a complaint by using the ‘report this post’ link . “Having investigated all available options for the business, we firmly believe that this restructuring will provide Go Outdoors with a platform from which it can progress whilst remaining a member of the Group. The BBC is not responsible for … JD Sports, who own the company, said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. "Administrators have not yet been appointed.". The 12,000 jobs at Debenhams are set to go over the coming months unless the administrators do a deal for all or parts of the business. By The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Duration: 1:30:00. GO Outdoors £232.47 M in annual revenue in FY 2018. JD Sports Fashion bought Go Outdoors, which sells bikes, tents and waterproof clothes, in 2016 for £112m. Exploring the great Scottish outdoors. The brand currently employs around 2,300 staff and has 67 stores. The BBC is not responsible for … To see all content on The Sun, please use the Site Map. Read the latest Tyne Tees stories, Jobs risk across our region as Go Outdoors looks set to go into administration on ITV News, videos, stories and all the latest Tyne Tees news 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. JD Sports has put Go Outdoors into administration, just four years after buying the company for £112million. JD Sports buys Go Outdoors back out of administration. Newsquest Digital Content Team. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. Shoe chain Aldo has also collapsed, while Quiz clothing has put its shop business into administration. 2020-06-24T06:28:00+01:00 By Grace Bowden. JD Sports is set to reacquire Go Outdoors out of administration in a move to restructure the outdoor clothing and equipment retailer and "preserve as many jobs as possible". Go Outdoors employs about 2,400 staff across its 67 stores, which has been owned by JD Sports since 2016. View our online Press Pack. GO Outdoors is the latest in a long list of businesses to be facing trouble. Go Outdoors’ 2,400 staff have been handed a temporary reprieve, after the collapsed company was sold out of administration by professional services firm Deloitte. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. What have the owners of Go Outdoors said? JD Sports, which owns Go Outdoors, has filed a notice of its intention to appoint administrators. For other inquiries, Contact Us. However - JD Sports said it will push forward with a major restructuring of Go Outdoors, which employs 2,400 staff, and intends to 'retain the majority' of its retail stores across the country. To inquire about a licence to reproduce material, visit our Syndication site. It said the move … JD SPORTS has pushed Go Outdoors into administration – but immediately bought back the business for £56.5 million. There was also a problem with the brakes not being bled which they have offered to pay for. JD Sports is set to reacquire Go Outdoors out of administration in a move to restructure the outdoor clothing and equipment retailer and "preserve as many jobs as possible". As a subscriber, you are shown 80% less display advertising when reading our articles. Peter Cowgill, executive chairman of JD Sports - who own Go Outdoors, said: “As a consequence of Covid-19, Go Outdoors was no longer viable as previously structured and would have absorbed capital at an unsustainable rate for the foreseeable future. At the time of writing, Go Outdoors has reopened 64 of its UK shops, with just three still listed as closed in Hathersage, Oxford and Southport. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). “I’m particularly pleased that we have been able to secure the employment of all the Company’s workforce, and we’d like to thank all employees and key stakeholders for their support throughout this process.”. JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. High Street DVD rental firm Blockbuster has announced that it is to go into administration. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Go Outdoors sells camping, fishing and cycling equipment and employs about 2,400 staff. This means the company has not officially entered administration. Picture: Newsquest THE owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Coronavirus: JD-owned Go Outdoors on brink of administration. Boris Johnson is being urged to end a lockdown block on residential school visits or risk destroying the "great British tradition" of outdoor education. … Those ads you do see are predominantly from local businesses promoting local services. JD Sports is preparing for a possible pre-pack administration of Go Outdoors after the retailer was laid low by the lockdown.The FTSE 100 sportswear and … Go Outdoors employs around 2400 people across the UK, selling waterproof clothing, tents and other camping equipment. The Sun has contacted JD Sports group for additional comment and we'll update this article when we hear back.
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