Go Outdoors’ owner has called in administrators for the business as the effects of coronavirus piles pressure on High Street retailers.
JD Sports, which owns Go Outdoors, said the Covid-19 lockdown had brought into “sharper focus” the costs of the business, especially its lease terms.
After appointing administrators, JD Sports then bought back the firm.
The chain employs about 2,400 staff across 67 stores, specialising in camping equipment, bikes and clothes.
After appointing Deloitte as administrators, JD Sports paid £56.5m for Go Outdoors in what is known as a pre-pack administration.
The restructuring, which will also be led by Deloitte, will primarily focus on trying to renegotiate rent terms with landlords.
“The terms of the property leases in Go were extremely inflexible, with the stores having an average remaining period to lease expiry of approximately 10 years with upwards only rent reviews,
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