KPMG appointed administrator for JJB lifestyle division
Administrators from Big Four firm appointed after JJB’s two chains lost a combined £15m in the last financial year
JJB Sports has appointed KPMG as administrator of its lifestyle stores
Original Shoe Company and Qubefootwear.
The company said its two chains lost a combined £15m in the last financial
year. Together, they comprise 77 stores and employ 270 full-time and 530
part-time workers.
JJB has been trying to sell the businesses for some time. In October it
received a preliminary approach from a buyer but a sale did not proceed.
The stores were picked up for £1 by now-suspended chief executive Chris
Ronnie earlier in the year.
JJB said the administration would not affect its other trading businesses.