Go Outdoors ‘rescued’ – for now
Financial fancy footwork may allow the chain’s owners to sidestep onerous lease conditions as high street footfall plunges.
Proletarian writers
This retail chain’s owners have found a creative accounting solution to paying the rent: going bankrupt and opening up again under a new name. As the high street comes under increasing pressure, we can expect more of such manoeuvres. Will tenants and homeowners be offered the same get-outs for overdue rents and mortgage payments?
The 2,400 employees of camping and hiking chain Go Outdoors have been unable to plan their futures for months, as vital decisions about their future employment (or otherwise) were being taken behind closed boardroom doors.
Go Outdoors employees can be forgiven for having little or no idea who they are actually wor...
