Jobs saved as Sports Direct buys fasion retailer Republic
THOUSANDS of jobs have been saved after sportswear chain Sports Direct bought fashion retailer Republic.
Sports Direct will acquire 114 Republic stores, all of the stock in the business as well as Republic's website and own brands, including SoulCal, Fabric and Crafted.
Republic, which has a store in the Potteries Shopping Centre, went into administration on February 13.
Republic employs more than 2,100 people across the country, with around a dozen staff at the Hanley store.
Would you like a professional to review your CV and give you some constructive feedback?
contact BlueSky CVs for an honest review
Terms: 1 per person
Contact: 01538 710408
Valid until: Friday, May 24 2013
Sports Direct currently trades from 400 stores in Britain, with a number based around North Staffordshire and South Cheshire.
Joint administrators from Ernst & Young confirmed the sale, which would include the 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 (Retail) Limited, saving 2,100 jobs across the UK high street and at its Leeds-based headquarters."
Comments