JD Sports lines up administrators for Go Outdoors

Bury-based retail giant JD Sports Fashion Plc said on Monday that director of its Go Outdoors subsidiary have lodged in court a Notice of Intention to appoint administrators.

“JD Sports Fashion Plc notes the speculation with regards to the filing of a Notice of Intention to appoint administrators at Go Outdoors,” said JD Sports in a stock exchange 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.”