The … Boris Johnson is being urged to end a lockdown block on residential school visits or risk destroying the "great British tradition" of outdoor education. The Sun has contacted JD Sports group for additional comment and we'll update this article when we hear back. Go Outdoors employs around 2400 people across the UK, selling waterproof clothing, tents and other camping equipment. JD Sports has put Go Outdoors into administration, just four years after buying the company for £112million. 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 … It accounts for 5% of the group’s annual revenue. 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. Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Available now. “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.”. To inquire about a licence to reproduce material, visit our Syndication site. 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. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. 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. It said the move … Duration: 1:30:00. JD Sports Fashion bought Go Outdoors, which sells bikes, tents and waterproof clothes, in 2016 for £112m. Picture: Newsquest The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Go Outdoors, which sells camping equipment, bikes and clothes, was forced to close all its stores in March due to the ongoing coronavirus crisis. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. By Hugh Radojev 2020-06-22T06:17:00. It said the move would "preserve as many jobs as possible" at Go Outdoors, which sells waterproof clothing, bikes and camping products. Go Outdoors isn't the only retailer to confirm money struggles during the coronavirus crisis. You can make a complaint by using the ‘report this post’ link . 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. Coronavirus: JD-owned Go Outdoors on brink of administration. 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. A Gannett Company. See insights on GO Outdoors including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future. JD sparked uproar by dumping Go Outdoors into administration before buying it back. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. High Street DVD rental firm Blockbuster has announced that it is to go into administration. HP10 9TY | 01676637 | Registered in England & Wales. Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. “Most importantly, we are pleased that it will protect the maximum number of jobs possible.”. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. “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. Picture: Newsquest. The move could potentially put 2,400 jobs at risk across its 67 stores. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. 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 Go Outdoors' owner has called in administrators for the business as the effects of coronavirus piles pressure on High Street retailers. 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 Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. 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. Old Abingdon Road, Oxford on high Street, so please act.! 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