Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. GO Outdoors is on the brink of collapsing into administration, in what would be the latest casualty to hit the UK high street. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Go Outdoors (Image: Derby Telegraph) JD Sports bought back its Go Outdoors business for £56.5million after pushing it into administration in June. For other inquiries, Contact Us. It accounts for 5% of the group’s annual revenue. 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, 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. GO Outdoors is the latest in a long list of businesses to be facing trouble. 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. A Gannett Company. We may then apply our discretion under the user terms to amend or delete comments. By Hugh Radojev 2020-06-22T06:17:00. Big brand outdoor clothing, tents & camping, cycling and more. 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. 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. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. GO Outdoors is on the brink of collapsing into administration, in what would be the latest casualty to hit the UK high street. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). “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. ©Copyright 2001-2021. 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). 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". 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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 To see all content on The Sun, please use the Site Map. JD Sports said it considered potential options for the chain, which has 67 stores nationwide, in May, including a potential sale. Go Outdoors, which sells camping equipment, bikes and clothes, was forced to close all its stores in March due to the ongoing coronavirus crisis. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. There was also a problem with the brakes not being bled which they have offered to pay for. 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 promised to refund £65 in compensation for the damage which was accepted, and to send out the tools and seat clamp asap. Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. Coronavirus: JD-owned Go Outdoors on brink of administration. Duration: 1:30:00. Sam Chambers. Shares in JD Sports dropped almost two per cent as trading started in London this morning, June 22. Go Outdoors employs around 2400 people across the UK, selling waterproof clothing, tents and other camping equipment. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. 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. Go Outdoors employs … … JD Sports bought Go Outdoors in 2016 for £112 million. Go Outdoors rescued from administration with jobs saved at eleventh hour. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. I am still waiting for the £65 refund, the clamp and the tools 25 days on. 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". 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. 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. 2020-06-24T06:28:00+01:00 By Grace Bowden. 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. Go Outdoors sells camping, fishing and cycling equipment and employs about 2,400 staff. Michael Magnay and Daniel Butters of Deloitte were appointed as joint administrators of Go outdoors yesterday (23 June 2020). The move could potentially put 2,400 jobs at risk across its 67 stores. 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. The BBC is not responsible for the content of external sites. The UK's Biggest Outdoor Stores. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. You can make a complaint by using the ‘report this post’ link . 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 … The Go Outdoors camping stores chain is going into administration. Picture: Newsquest THE owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. 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. Exploring the great Scottish outdoors. Those ads you do see are predominantly from local businesses promoting local services. Go Outdoors employs about 2,400 staff across its 67 stores, which has been owned by JD Sports since 2016. Go Outdoors Go Outdoors' owner has called in administrators for the business as the effects of coronavirus piles pressure on High Street retailers. 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 … Duration: 1:30:00. “Most importantly, we are pleased that it will protect the maximum number of jobs possible.”. GO Outdoors £232.47 M in annual revenue in FY 2018. This means the company has not officially entered administration. Go Outdoors specialises in camping equipment, bikes and outdoor clothes, it employs around 2,300 people at 67 stores. “This successful sale will provide Go Outdoors with an opportunity to restructure its business to secure its future for the long term. Found something we sell cheaper? 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. 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. What have the owners of Go Outdoors said? As a subscriber, you are shown 80% less display advertising when reading our articles. 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. The chain has a large store in Old Abingdon Road, Oxford. JD sparked uproar by dumping Go Outdoors into administration before buying it back. The Sun has contacted JD Sports group for additional comment and we'll update this article when we hear back. To inquire about a licence to reproduce material, visit our Syndication site. These adverts enable local businesses to get in front of their target audience – the local community. It said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. JD Sports’ Go Outdoors brand tumbles into administration. If you are dissatisfied with the response provided you can contact IPSO here. Available now. Boris Johnson is being urged to end a lockdown block on residential school visits or risk destroying the "great British tradition" of outdoor education. Exploring the great Scottish outdoors. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. 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. 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. Ipso here pressure on high Street for £112m after Go Outdoors with opportunity! 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