Tuesday, 25 September 2012

JJB Sports Appointing Administrators

From:  This is Money (www.thisismoney.co.uk) 24 Sep 2012

JJB Sports will appoint administrators this week after failing to find a buyer for the business, meaning as many as half of its 180 stores could close with a large chunk of its 4,000 workers at risk.  Suspending its shares today, it said it was clear that any offer for the company would not realise any value for shareholders.

But its shops will continue to trade pending completion of the sale and administration process.

This is Money (to read the rest of the item)

Comment.  The announcement of the failure of JJB Sport is another blow to the nations High Streets.  Penzance does not have a branch.

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