Republic’s administration has caused two renowned retail moguls fight it out amongst each other to acquire the collapsed fashion chain, while Republic has put up clearance sale in all of its stores. Mike Ashley, majority owner of Sports Direct, and Blue Inc, whose chairman is former Marks & Spencer boss Sir Stuart Rose, are both believed to be considering the takeover of Republic. Last week, when Republic’s administrators Ernst & Young sacked 150 staff at the chain’s head office rumours circulated that the chain could only be sold to a trade buyer or broken up.
Mike Ashley, who has orchestrated many deals in the retail sector, is understood to be keen to find a chain that would suit his growing stable of brands, which include Firetrap. Blue Inc is keen to add to its 60-strong store portfolio. Meanwhile, Republic has put up a clearance sale on its website with its front page stating : “Massive Clearance Sale…Everything Must Be Sold!”. It has a list of stores where the clearance sale is on.
Republic stores at Aberdeen, Aberdeen Union Square, Banbur, Bangor, Basildon, Bansingstoke, Bath, Belfast, Birkenhead, Birmingham, Birmingham Fort, Blackburn, Blackpool, Bluewater, Bolton, Bournemouth, Braehead, Brighton, Bristol, Bromley, Burton on Trent, Bury, Cambridge, Canterbury, Cardiff, Carlisle, Carmarthen, Chelmsford, Cheltenham, Chester, Chesterfield, Colchester, Coventry, Crawley, Croydon, Cwmbran are all offering clearance sale.
Other Republic stores offering clearance sale are Darlington, Denton, Derby, Doncaster, Dundee, East Kilbride, Edinburgh, Edinburgh (Fort Kinnaird), Exeter, Falkirk, Glasgow, Glasgow Fort, Gloucester, Grimsby, Guildford, Hanley, Hemel, Hempstead, Hounslow, Huddersfield, Hull, Ilford, Inverness, Ipswich, Kingston Lakeside, Leamington Spa, Leeds, Leicester, Liverpool, Livingston, Luton, Maidstone, Manchester, Mansfield, Meadowhall, Merry Hill, Metro Centre, Middlesbrough, Milton Keynes, Newcastle, Northampton, Norwich, Nottingham, Nuneaton, Oldham, Oxford,
Peterborough, Plymouth, Portsmouth, Preston, Reading, Romford, Salisbury, Sheffield, Silverburn, Solihull, Southampton, Southend, St Albans, Stirling, Stockport, Stratford, Sunderland, Sutton Coldfield, Swansea, Swindon, Teeside, Telford, Trafford Centre, Tunbridge Wells, Uxbridge, Wakefield, Walsall, Wandsworth, Warrington, Watford, White City, White Rose, Wigan, Woking, Wolverhampton, Worcester, Yeovil, York, Blanchardstown and Liffey, are stores offering clearance sale.