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JJB Sports Puts Footwear Chains Into Administration

U.K.-based company hopes a third party may be interested in acquiring the businesses.

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U.K.-based sports retailer JJB Sports has applied to place footwear subsidiaries Original Shoe Company Ltd. and Qubefootwear Ltd. into administration (the British equivalent of Chapter 11).

According to a statement released Tuesday, its Lifestyle division, which includes 64 Original Shoe Company stores and 13 Qubefootwear stores, continues to trade at a substantial loss.

“The directors of each of OSC and Qube have decided to file notice of intention to appoint Messrs. Fleming, Costley-Wood and Nimmo of KPMG LLP as administrators of OSC and Qube, respectively,” JJB said in a news release.

JJB added its board remains hopeful that a third party may become interested in acquiring the businesses.

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