Menu
13/02/2013
Republic Clothing Chain In Administration
Clothing chain Republic has announced it is to be placed into the hands of administrators.
Ernst & Young will now take over the running of the Leeds-based firm.
150 of the 2,500 Republic staff have already been made redundant at the company’s head office in Leeds.
Republic will continue to be open for business.
The store began as a men's denim retailer in 1986 under the Best Jeans brand.
It suffered a decline in sales at the end of last month following on from poor trading results over the autumn.
Administrator Hunter Kelly said: "Republic suffered poor trading results in the autumn, and whilst sales picked up in December there has been a sudden and rapid decline in sales in late January.
"We will continue to trade Republic, with a view to selling the business as a going concern. The brand Republic is well recognised, particularly in the North. It has a powerful website offering, owns well-known brand names and has some very attractive and profitable stores."
(IT/GK)
Ernst & Young will now take over the running of the Leeds-based firm.
150 of the 2,500 Republic staff have already been made redundant at the company’s head office in Leeds.
Republic will continue to be open for business.
The store began as a men's denim retailer in 1986 under the Best Jeans brand.
It suffered a decline in sales at the end of last month following on from poor trading results over the autumn.
Administrator Hunter Kelly said: "Republic suffered poor trading results in the autumn, and whilst sales picked up in December there has been a sudden and rapid decline in sales in late January.
"We will continue to trade Republic, with a view to selling the business as a going concern. The brand Republic is well recognised, particularly in the North. It has a powerful website offering, owns well-known brand names and has some very attractive and profitable stores."
(IT/GK)
Related UK National News Stories
Click here for the latest headlines.
19 June 2009
Iran's Ayatollah Slams Britain As 'Most Treacherous Enemy'
The supreme leader of Iran has slammed international criticism of the presidential election. In his first address to the nation since the biggest street protests broke out in the Islamic Republic's 30-year history, Ayatollah Ali Khamenei today accused the UK government of being among the "most treacherous" of Western powers.
Iran's Ayatollah Slams Britain As 'Most Treacherous Enemy'
The supreme leader of Iran has slammed international criticism of the presidential election. In his first address to the nation since the biggest street protests broke out in the Islamic Republic's 30-year history, Ayatollah Ali Khamenei today accused the UK government of being among the "most treacherous" of Western powers.
22 April 2004
WH Smith brand sales performance 'unacceptable'
WH Smith Group have reported a pre-tax loss of £72 million in the six-month period to February following what the high street store chain labelled as an "unacceptable" performance.
WH Smith brand sales performance 'unacceptable'
WH Smith Group have reported a pre-tax loss of £72 million in the six-month period to February following what the high street store chain labelled as an "unacceptable" performance.
11 October 2005
M&S reports positive sales figures
Marks & Spencer has announced a rise in sales for the second quarter this year. The High Street retailer announced that like-for-like sales increased by 1.3% for the 12 weeks to October 1, contrasting with a drop of 5.4% in the previous quarter.
M&S reports positive sales figures
Marks & Spencer has announced a rise in sales for the second quarter this year. The High Street retailer announced that like-for-like sales increased by 1.3% for the 12 weeks to October 1, contrasting with a drop of 5.4% in the previous quarter.
02 April 2003
OFT issue warning over web holiday sites
An Office of Fair Trading investigation has warned that many internet travel deals fall well short of their advertising. The probe found that 54 out of 135, or 40%, of UK-based websites visited during the search contained potentially misleading claims.
OFT issue warning over web holiday sites
An Office of Fair Trading investigation has warned that many internet travel deals fall well short of their advertising. The probe found that 54 out of 135, or 40%, of UK-based websites visited during the search contained potentially misleading claims.
07 January 2009
M&S Announces Store Closures And Job Cuts
High street chain Marks and Spencer has announced plans to shut down 25 of its Simply Food stores and two of its smaller stores, after reporting one of its worst Christmas trading performances on record. As a result of the closures, 780 jobs are set to go, with a further 450 planned to be axed at the company's head office.
M&S Announces Store Closures And Job Cuts
High street chain Marks and Spencer has announced plans to shut down 25 of its Simply Food stores and two of its smaller stores, after reporting one of its worst Christmas trading performances on record. As a result of the closures, 780 jobs are set to go, with a further 450 planned to be axed at the company's head office.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
