The BBC is not responsible for … Picture: Newsquest The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. 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. It comes after Go Outdoors is understood to have conducted a separate sale process in recent weeks. We've got a full round-up of all the shops and restaurants that have gone bust here. Picture: Newsquest. GO Outdoors is on the brink of collapsing into administration, in what would be the latest casualty to hit the UK high street. The retail group hired administrators from corporate finance firm Deloitte earlier on Tuesday, June 23, after it saw sales hammered by the coronavirus crisis. 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. JD sparked uproar by dumping Go Outdoors into administration before buying it back. GO Outdoors is the latest in a long list of businesses to be facing trouble. The move could potentially put 2,400 jobs at risk across its 67 stores. JD Sports buys Go Outdoors back out of administration. Go Outdoors sells camping, fishing and cycling equipment and employs about 2,400 staff. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. JD Sports has bought back its Go Outdoors business for £56.5 million after pushing it into administration. JD Sports has put Go Outdoors into administration, just four years after buying the company for £112million. 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. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Sunday June 28 2020, 12.01am, The Sunday Times. For other inquiries, Contact Us. Go Outdoors Go Outdoors' owner has called in administrators for the business as the effects of coronavirus piles pressure on High Street retailers. Newsquest Digital Content Team. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). See insights on GO Outdoors including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 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 … It said the move … The firm has 528 stores and employees 4,190 staff. 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). Boris Johnson is being urged to end a lockdown block on residential school visits or risk destroying the "great British tradition" of outdoor education. Go Outdoors is the latest retailer pushed to the brink during the coronavirus crisis. 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. This means the company has not officially entered 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. Coronavirus: JD-owned Go Outdoors on brink of administration. Big brand outdoor clothing, tents & camping, cycling and more. Go Outdoors employs around 2400 people across the UK, selling waterproof clothing, tents and other camping equipment. Go Outdoors promised to refund £65 in compensation for the damage which was accepted, and to send out the tools and seat clamp asap. Go Outdoors, which sells camping equipment, bikes and clothes, was forced to close all its stores in March due to the ongoing coronavirus crisis. 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 GO Outdoors £232.47 M in annual revenue in FY 2018. JD Sports added that all existing staff will be transferred as part of the pre-pack administration sale. READ MORE: 2400 jobs at risk as Go Outdoors close to collapse The move could … 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. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. 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 … As a subscriber, you are shown 80% less display advertising when reading our articles. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. If you are dissatisfied with the response provided you can contact IPSO here. The chain has a large store in Old Abingdon Road, Oxford. 2020-06-24T06:28:00+01:00 By Grace Bowden. 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 … Exploring the great Scottish outdoors. 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 has pushed Go Outdoors into administration – but immediately bought back the business for £56.5 million. However, it said it determined that the business had a potential future within the wider group “if fundamentally restructured”. Wassailing, Salt and Seals. Go Outdoors specialises in camping equipment, bikes and outdoor clothes, it employs around 2,300 people at 67 stores. Picture: Newsquest THE owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. It said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. We may then apply our discretion under the user terms to amend or delete comments. “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. 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. What have the owners of Go Outdoors said? Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. 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. This site is part of Newsquest's audited local newspaper network. Those ads you do see are predominantly from local businesses promoting local services. 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. 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". 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? 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 Go Outdoors employs … By Hugh Radojev 2020-06-22T06:17:00. JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future. Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Go Outdoors rescued from administration with jobs saved at eleventh hour. View our online Press Pack. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. 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 … To see all content on The Sun, please use the Site Map. 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. But according to the letter from UK Outdoors, which represents 15,000 people and organisations, the continuing freeze on residential school trips … "Administrators have not yet been appointed.". The brand currently employs around 2,300 staff and has 67 stores. JD Sports bought Go Outdoors in 2016 for £112 million. The UK's Biggest Outdoor Stores. The Sun has contacted JD Sports group for additional comment and we'll update this article when we hear back. Data returned from the Piano 'meterActive/meterExpired' callback event. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. 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. “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 Fashion bought Go Outdoors, which sells bikes, tents and waterproof clothes, in 2016 for £112m. Exploring the great Scottish outdoors. The BBC is not responsible for … 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. ©Copyright 2001-2021. We'll beat it by 10% 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 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. The BBC is not responsible for the content of external sites. To inquire about a licence to reproduce material, visit our Syndication site. 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. 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. There was also a problem with the brakes not being bled which they have offered to pay for. High Street DVD rental firm Blockbuster has announced that it is to go into administration. A Gannett Company. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. 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. These adverts enable local businesses to get in front of their target audience – the local community. The owner of Go Outdoors has bought back the 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. 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 Fashion is launching an insolvency process at Go Outdoors four years after buying it, Sky News learns. HP10 9TY | 01676637 | Registered in England & Wales. Go Outdoors isn't the only retailer to confirm money struggles during the coronavirus crisis. I am still waiting for the £65 refund, the clamp and the tools 25 days on. 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. JD Sports Fashion has filed a notice of intention to appoint administrators to its subsidiary Go Outdoors. 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. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). Duration: 1:30:00. You can make a complaint by using the ‘report this post’ link . Go Outdoors Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. 2020-06-24T06:28:00+01:00 By Grace Bowden. Wassailing, Salt and Seals. JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. JD Sports, which owns Go Outdoors, has filed a notice of its intention to appoint administrators. Available now. Available now. JD Sports said it considered potential options for the chain, which has 67 stores nationwide, in May, including a potential sale. 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. 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 employs about 2,400 staff across its 67 stores, which has been owned by JD Sports since 2016. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. “This successful sale will provide Go Outdoors with an opportunity to restructure its business to secure its future for the long term. 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. 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. Sam Chambers. Duration: 1:30:00. By JD Sports’ Go Outdoors brand tumbles into administration. “Most importantly, we are pleased that it will protect the maximum number of jobs possible.”. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. It said the move would "preserve as many jobs as possible" at Go Outdoors, which sells waterproof clothing, bikes and camping products. The Go Outdoors camping stores chain is going into administration. It accounts for 5% of the group’s annual revenue. Shares in JD Sports dropped almost two per cent as trading started in London this morning, June 22. Shoe chain Aldo has also collapsed, while Quiz clothing has put its shop business into administration. JD Sports buys Go Outdoors back out of administration. Retailers that have sadly fallen into administration this year include Victoria's Secrets, Oasis, Warehouse and Debenhams. 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.
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