Sports Direct save fashion retailer Republic
Sports Direct save more than 2,100 today buying 116 stores, the brand name and the website from the administrators of fashion retailer Republic. Administrator Hunter Kelly said: "In what has been a very challenging time and volatile climate for retailers, it is particularly pleasing to have completed the successful sale of Republic (Retail) Limited, saving 2,100 jobs across the UK high street and at its Leeds-based headquarters”. Republic had 121 stores and 2,500 staff in total when they went into administration.
It marks the latest deal for Sports Direct who bought 20 shops and all the stock from JJB Sports when it went into administration last year. Sports Direct which now has almost 400 UK shops, also owns Lillywhites stores, as well as brands including Slazenger, Dunlop and Lonsdale.