Go Outdoors Administration To Likely See Small Recovery To Unsecured Creditors

Go Outdoors, the U.K. retailer required JD Sports in a pre-pack administration, could see its unsecured creditors recoup just 1 pence in every £1 owed, according to the case’s administrators from Deloitte LLP.

A report from the Retail Gazette also noted that Deloitte granted JD Sports a license to keep Go Outdoors’ 67 branches open while it renegotiated cheaper rents. If it does not succeed, some will likely shut.