JD Sports files NOI in court to appoint administrators at Go Outdoors

22 June 2020 (Last Updated June 22nd, 2020 15:43)

JD Sports Fashion has confirmed that it filed the Notice of Intention (NOI) to appoint administrators at its UK outdoor retailer Go Outdoors.

JD Sports Fashion has confirmed that it filed the Notice of Intention (NOI) to appoint administrators at its UK outdoor retailer Go Outdoors.

The retailer, which employs about 2,400 staff across 67 stores, specialises in camping equipment, bikes and clothes.

In response to speculation regarding Go, JD Sports said in a statement: “The Group can confirm that it has considered a number of strategic options for Go and that Go’s directors have lodged the Notice in Court.

“This Notice creates an immediate moratorium around the company and its property which lasts for ten business days.

“During this moratorium, Go’s creditors cannot take legal action or continue with any existing legal proceedings against the company without the Court’s permission.

“Administrators have not yet been appointed and the Group will make no further comment at this time.”

Based in Manchester, JD Sports group acquired Go Outdoors Topco in 2016 for £112.3m from private equity owners YFM Equity Partners and 3i Group.

The retailer Go reported a loss of £291.1m in the six months to 3 August last year.

Go Outdoors has joined other UK retailers that entered into administration including Debenhams, which voluntarily entered administration in April for the second time in a year.

Last month, fashion retail group Monsoon Accessorize, which operates retail chains Monsoon and Accessorize, was reported to be on the brink of filing for insolvency, putting 3,500 jobs at risk.