Sports Direct News

The administrator for fashion retailer Republic has said welcomed the move to secure 2,100 jobs, after Sports Direct International bought the chain.

The undisclosed deal comes after administrators Ernst & Young closed five Republic shops in Scotland on Tuesday, with the loss of 105 jobs, and axed another 150 jobs at its head office in Leeds. 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, saving 2,100 jobs across the UK high street and at its Leeds-based headquarters.

The brand Republic is well-recognised and well-respected by customers for offering quality, high-fashion goods and it is a testament to its strength that Sports Direct has made this investment to secure its future and high street presence.

• Business
• Republic
• Sports Direct

More than 2,100 jobs have been saved by Sports Direct International's purchase of 116 stores from fashion retailer Republic.

The Sports World group has also taken over the stock, along with the group's head office in Leeds and its websites and brands SoulCal, Fabric and Crafted.

Republic called in administrators from Ernst & Young earlier this month.

• Business
• Sports Direct
• Republic

Sports Direct International has acquired 114 stores from the administrators of fashion chain Republic.

The move comes three days after Sports Direct owner Mike Ashley sold part of his stake in the firm to raise around £100m in cash.

• Business
• Republic
• Sports Direct