By
Reuters API
Reuters API
Published
Jun 23, 2020
Jun 23, 2020
JD Sports buys back Go Outdoors from administrator as it begins unit restructuring
By
Reuters API
Reuters API
Published
Jun 23, 2020
Jun 23, 2020
Retailer JD Sports said on Tuesday it had appointed Deloitte as administrator for its loss-making outdoor clothing business that has been struggling with falling demand, and will begin a restructuring of the unit.
London-listed JD Sports said it had brought back the business, Go Outdoors, and all its assets from the administrator for 56.5 million pounds via a new subsidiary as part of a so-called pre-pack administration deal.
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