News roundup—11th February 2009

News roundup—11th February 2009

JJB Sports has filed notice to appoint KPMG the
administrator for its Qube and Original Shoe
Company retail chains after failing to find a buyer for
them, reports The Times.

Another footwear retailer, Stylo, will have to go into
administration if creditors vote against its proposed Company
Voluntary Arrangement (CVA) tomorrow, according to The Telegraph. Stylo put its
Barratts and PriceLess chains into administration
two weeks ago.

RS Components will be cutting 340 permanent positions,
but it also plans to create another 190 jobs and hopes to use
some of the redundant workers to fill those new posts, reports
DIY Week. The electrical components
cataloguer is also shedding 90 temporary workers.

Outdoor gear retailer Blacks Leisure, whose brands
include Millets and Freespirit, has received at
least two offers to buy the company. According to The Guardian, Sports Direct owner
Mike Ashley and Lion Capital, whose holdings include
Cotswold Outdoor, are among the potential bidders.


Twitter Facebook LinkedIn WhatsApp

Related News

Newsletter Sign Up

Sign up to receive our newsletter