Raymond Doherty 7 Aug 2019 10:56am

KPMG secures Jack Wills sale

Administrator KPMG has sold high street fashion retailer Jack Wills to Sports Direct

Mike Ashley's Sports Direct business bought Jack Wills for a reported £12.75m.

This includes all of Jack Wills' stock, its distribution centre, 100 stores and 1,700 employees across the UK and Republic of Ireland.

Will Wright and Chris Pole from KPMG’s restructuring practice were appointed joint administrators to Jack Wills Limited, Wills Lifestyle Holdings Limited and Union Lifestyle Limited on Monday.

“Jack Wills has a strong brand and proud British heritage, so it is pleasing to have been able to secure this agreement with Sports Direct,” said Wright.

Last month Grant Thornton revealed it would quit as Sports Direct’s auditors over a last minute tax bill disclosure.