Coronavirus: Go Outdoors set to call in administrators
Business / Tue 23rd Jun 2020 am30 08:46am
GO Outdoors’ owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point.
A Harlow branch of Go Outdoors is at Howard Way in Harlow.
JD Sports, which owns Go Outdoors, said in a statement it had looked at the options for Go and had decided to start the administration process.
The chain employs about 2,400 staff across 67 stores, specialising in camping equipment, bikes and clothes.
The coronavirus pandemic has ramped up pressure on the firm.
The Manchester-based JD Sports group bought Go Outdoors in 2016 for £112m. But the chain has been struggling in recent years, and forced store closures under the coronavirus lockdown have further exacerbated the firm’s problems.
The company said it had filed a notice of its intention in court, a move that protects the company from legal action and its creditors for ten days while an administrator is found.
It added it had not yet appointed anyone.
It is understood the accountancy firm Deloitte has been appointed to oversee the process, which could see the company restructured or requests made for rent cuts or “holidays” for its stores.
A spokesperson for Deloitte told the BBC it had no comment at this time.
Where are all the local MPs and Councillors who were crowing about the furlough scheme the other day saving jobs. The conservatives (labour would have been worse) have destroyed the economy of the UK it is time to be angry and vote them out of office
Awful placd with bad staff. Will not be missed