JJB Sports saved from administration Sports firm JJB gets backing from landlords

28 April 2009

Crowded shopping street

Photo Credit: Alex Segre/Rex Features

Sportswear chain JJB Sports has been saved from going bust after landlords backed changes to its lease terms.

Landlords and creditors of JJB voted overwhelmingly in favour of a company voluntary agreement at a creditors' meeting in London, which has saved it from collapse.

Wigan-based JJB Sports along with rival chains Sportsworld and JD Sports were among your least favourite shops in the latest Which? high street shops survey.

JJB Sports saved

The final votes still have to be confirmed but, before the meeting, around 99% of creditors voted by proxy in favour of the agreement.

JJB’s future looks secure as the agreement means it can offload lease liabilities on 140 closed stores and pay rent monthly at its remaining 250 shops for a year. JJB had warned it was facing administration if the agreement was not passed.

Check your rights if you've bought something from a company that then went bust, with our .

© Press Association 2009

Which? news RSS feeds

For daily consumer news, subscribe to the Which? news RSS feed here.

If you have an older web browser you may need to copy and paste this link into your newsreader: http://www.which.co.uk/feeds/reviews/news.xml . Find out more about RSS in the Which? guide to news feeds.