Republic news and archive

Mike Ashley adds new discount chain MegaValue to Sports Direct Group

Billionaire Mike Ashley is on the prowl again on the UK high street and has quietly launched a new discount store named 'MegaValue' in a bid to snare a larger slice of the growing discounting market. The new value store concept opened in Kidderminster, Worcestershire at the site of a former department store this weekend, reported the The Mail on...

Business

USC bought out of administration by Sports Direct fashion arm Republic

A week after company directors at Sports Direct filed a notice of intention to put USC into administration, news has emerged the fashion retailer has been bought by another fashion fascia from Sports Direct, Republic. The notice of intention is said to have put hundred of employees who work at USC stores at risk and was believed to have been...

Design

Republic's co-founder invests in discount sales club

Tim Whitworth, co-founder of apparel chain Republic, has acquired a stake in JTF and taken the role of chairman, working alongside chief executive Paul McClenaghan and the board. Whitworth has invested in the 70 million pounds turnover discount sales club. JTF currently has twelve stores across the north and Midlands and was acquired by Endless,...

Design

Republic customers to lose 1,2 million pounds in vouchers

Some 78,000 customers of the strained British fashion retailer Republic that still have gift vouchers to redeem, are set to lose up to 1,2 million pounds. Republic went into administration in February to be bought days after by Sports Direct. Administrators Ernst & Young have announced they stopped the redemption of Republic gift cards sold...

Fashion

Sports Direct gains the race to acquire Republic assets

Mike Ashley has won the pulse with other allegedly potential candidates to acquire Republic, as Sports Direct International, its sports retail chain, has just announced the acquisition of 114 Republic stores, all the stock in the business, and other assets and brands from the retailer that entered administration earlier in February. Sports...

Design

Sports Direct buys Republic stores

Sports Direct International has acquired 114 stores from the administrators of fashion chain Republic for an undisclosed sum. High street fashion chain Republic was put into administration two weeks ago. Ernst & Young, administrator to Republic, confirmed that 150 staff were made redundant at the fashion chain's Leeds headquarters at that time....

Fashion

British fashion moguls eager to buy Republic

Barely a week after jeans brand Republic collapsed two of the big names in the British retail have emerged as keen bidders to acquire part of the ailing fashion chain´s business. According to ‘This is Money’, Mike Ashley, majority owner of Sports Direct, and Blue Inc, whose chairman is former Marks & Spencer boss Sir Stuart Rose, are both...

Design

Republic goes into administration

High street fashion chain Republic is expected to go into administration, putting up to 2,000 retail jobs at risk. The Leeds-based retailer, which operates 120 stores, is reported to have seen a downturn in sales in recent months. Founded in 1986 as a denim retailer, the company expanded rapidly around ten years ago and now sells a range of...

Design

Republic secures online domain name

Fashion retailer, Republic, has emphasised the importance of their online presence by spending £127,000 on a single domain name. This investment secured the Republic.com website for the UK firm, which has previously trading online via its .co.uk site, and it also bought the .eu address in the three-month period ending September 30th 2011. Jo...

Fashion

Republic launches new house brand

Multi-branded fashion retailer, Republic is launching a new house brand, White Label in response to customer demand. Launching in-store and online this month, the new collection features wardrobe staples bought in bulk to achieve the best possible value for customers, with prices starting from £8. The range includes straight and carrot fit...

Fashion

Republic signs up to Facebook Deals

UK fashion chain, Republic, is the latest brand to sign up to the Facebook Deals initiative. This tool allows social network users to access special promotions and exclusive offers when they ‘login’ on their mobile phones, whilst in one of Republic’s stores. In a bid to enhance and develop its social media offerings, Republic is following suit...

Fashion

Republic up for sale

Republic, the fast-growing fashion chain that sells brands including Diesel, Superdry and G-Star, has been put up for sale through Rothschild, the investment bank. The retailer is controlled by Change Capital, the private equity group, which is run by Luc Vandevelde and Roger Holmes. The former Marks & Spencer directors bought a majority stake...