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
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.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Peter Terry joins the North West advisory team
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Political and economic uncertainty behind the fall in confidence