Ipswich's Jack Wills survives chop as Sports Direct reveals stores closures
PUBLISHED: 15:00 16 August 2019
Sports Direct has shut down a string of Jack Wills stores just weeks after acquiring the high street brand.
The British fashion chain was bought by Mike Ashley's firm through a pre-pack administration deal worth £12.8m earlier this month.
Jack Wills operates around 100 stores across the UK, including three Suffolk branches in Ipswich, Southwold and Aldeburgh.
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All three Suffolk sites have survived this wave of closures.
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In total, eight stores will be closing including: Marlborough, Derby, Reigate, Rock, Tunbridge Wells, Durham, Kingston and St Albans.
Sports Direct has said it is working to redeploy impacted staff.
The firm is currently negotiating with Jack Wills' landlords to accept rent-free tenancy agreements across its worst performing stores.
Mike Ashley's group is reportedly seeking to cut rents to zero and offer landlords 5% of turnover.
Southwold's Jack Wills store made headlines last week, after bailiffs were seen changing the locks and serving a Forfeiture of Lease notice.
However, the store was open as usual by the afternoon.