Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated subsidiary. JD said is has an initial 12-month licence to operate all of Go Outdoors’ 67 stores. It has pledged to honor Go Outdoors’ trade payables, tax liabilities, customer returns and gift cards. All pre-existing Go Outdoors employees will transfer to the new business with their previous terms and conditions of employment preserved. The group, which also owns other outdoor retail chains including Blacks Outdoor and Millets, justified the insolvency of Go Outdoors with the corona-related retail lockdowns and the “extremely inflexible” terms of the store leases. Before going through this process, which protected it from Go’s creditors, the group tried to sell the business. JD Sports acquired Go Outdoors in late 2016 for £112 million (€123.5m-$139.4m). In contrast with its regular sporting goods stores, JD has been unable for many years to achieve the same levels of profitability with its outdoor retail operations, which we cover through The Outdoor Industry Compass. Separately, a press report suggests that JD may well appeal the British anti-trust authorities’ veto on its acquisition of Footasylum.