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.
More top news
David Cameron has described the Institute of Fiscal Studies as a 'gold standard' group of experts, as it warned of 'Brexit' dangers.
Eric Cantona. The King of Manchester. Picture it now, a dead pigeon on his head with its blood pouring down his face.
The number of antibiotics being prescribed by GPs in England has fallen by 2.6 million.