Sports Unlimited, a Dutch subsidiary of JD Sports, has been declared bankrupt.
The company operates around 50 stores in the Netherlands.
“We appreciate this is a difficult time for Sports Unlimited Retail colleagues in the Netherlands and we are doing our utmost to support them in conjunction with ISRG and the bankruptcy trustee,” said a spokesperson for Sports Unlimited, as reported by Reuters.
In 2021, JD Sports announced it was selling Sports Unlimited for £14 million to Iberian Sports Retail Group (ISRG).
As the parent to ISRG, the company continued to make strategic decisions regarding the company’s future.
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