Sports Direct will acquire 114 of Republics 121 stores

Sports Direct will acquire 114 of Republic's 121 stores

Sports Direct has reached an agreement to acquire 114 Republic stores after the youth fashion brand collapsed into administration earlier this month.

The deal will see the sportswear retailer acquire 114 of the group's 121 Republic stores, its head office in Leeds, as well as Republic's own brands, which include SoulCal, Fabric and Crafted.

"In what has been a very challenging time and volatile climate for retailers, it is particularly pleasing to have completed the successful sale of Republic (Retail) Limited, saving 2,100 jobs across the UK high street and at its Leeds-based headquarters," said joint administrator Hunter Kelly.

"The brand Republic is well recognised and well respected by customers for offering quality, high fashion goods and it is a testament to its strength that Sports Direct has made this investment to secure its future and high street presence."