Duration: 1:30:00. 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 … 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. You can make a complaint by using the ‘report this post’ link . The move could potentially put 2,400 jobs at risk across its 67 stores. 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. The Go Outdoors camping stores chain is going into administration. JD Sports, which owns Go Outdoors, has filed a notice of its intention to appoint administrators. 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. 2020-06-24T06:28:00+01:00 By Grace Bowden. If you are dissatisfied with the response provided you can contact IPSO here. The BBC is not responsible for … The Sun has contacted JD Sports group for additional comment and we'll update this article when we hear back. 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 has bought back its Go Outdoors business for £56.5 million after pushing it into administration. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into 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. JD SPORTS has pushed Go Outdoors into administration – but immediately bought back the business for £56.5 million. The firm has 528 stores and employees 4,190 staff. 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 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. JD sparked uproar by dumping Go Outdoors into administration before buying it back. Exploring the great Scottish outdoors. Go Outdoors sells camping, fishing and cycling equipment and employs about 2,400 staff. The … Newsquest Digital Content Team. 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 … JD Sports bought Go Outdoors in 2016 for £112 million. JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future. 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. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Picture: Newsquest THE owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Go Outdoors isn't the only retailer to confirm money struggles during the coronavirus crisis. Go Outdoors is the latest retailer pushed to the brink during the coronavirus crisis. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. 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. By Hugh Radojev 2020-06-22T06:17:00. "Administrators have not yet been appointed.". Sam Chambers. Available now. JD Sports buys Go Outdoors back out of administration. 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 … The UK's Biggest Outdoor Stores. As a subscriber, you are shown 80% less display advertising when reading our articles. The BBC is not responsible for … JD Sports’ Go Outdoors brand tumbles into administration. Found something we sell cheaper? Go Outdoors Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. READ MORE: 2400 jobs at risk as Go Outdoors close to collapse The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. 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. Retailers that have sadly fallen into administration this year include Victoria's Secrets, Oasis, Warehouse and Debenhams. Coronavirus: JD-owned Go Outdoors on brink of administration. 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 … I am still waiting for the £65 refund, the clamp and the tools 25 days on. A Gannett Company. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). The move could … JD Sports Fashion has filed a notice of intention to appoint administrators to its subsidiary Go Outdoors. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. We'll beat it by 10% High Street DVD rental firm Blockbuster has announced that it is to go into administration. 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. JD Sports added that all existing staff will be transferred as part of the pre-pack administration sale. 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. 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