Another retailer to shut? Republic poised for administration

ANOTHER big name retailer is poised to go into administration.

Republic, the fashion store in Culver Square, Colchester, will pass to administrators Ernst & Young by Wednesday.

The brand employs more than 1,000 people across the UK and around 25 in Colchester.

Its collapse follows the demise of Jessops and Blockbuster earlier this year.

Its owning company have been unable to confirm the reports but said it was reviewing its portfolio.

Comments(12)

Bert_Stimpson says...
2:47pm Tue 12 Feb 13

Republis. Nice headline typo. S is not even right next to C on keyboard. Republid or Republix seems more likely.

Oh well. Maybe someone had a few at lunchtime.

Bert_Stimpson says...
2:48pm Tue 12 Feb 13

Wow. Quick correction. Good work cubs.

thecapedcrusader69 says...
3:56pm Tue 12 Feb 13

they don't look too sad about it in the picture....

jammin says...
4:27pm Tue 12 Feb 13

thecapedcrusader69 wrote:
they don't look too sad about it in the picture....
I think that was from the store opened a few years ago.

wearebeingwatched says...
6:01pm Tue 12 Feb 13

Reading other news outlets over the weekend, it appears that the owners will put the company in administration and then buy back from the administrators the profitable stores in a pre-packaged deal.

wellnow says...
9:04pm Tue 12 Feb 13

Surely some mistake.

tellitasitreallyis says...
9:42pm Tue 12 Feb 13

Oh no another store to close.
I wonder what there will be put there in place. Will it be a nail bar or a foreign restaurant. Think it will be a odds on guess, that what ever it will be. It will not be another store that is British owned and ran

Boris says...
12:32am Wed 13 Feb 13

tellitasitreallyis wrote:
Oh no another store to close.
I wonder what there will be put there in place. Will it be a nail bar or a foreign restaurant. Think it will be a odds on guess, that what ever it will be. It will not be another store that is British owned and ran
Can you name a major store chain that is British owned, British run, sells mainly British products, and pays its share of taxes in Britain?

Justice79 says...
6:54am Wed 13 Feb 13

tellitasitreallyis wrote:
Oh no another store to close.
I wonder what there will be put there in place. Will it be a nail bar or a foreign restaurant. Think it will be a odds on guess, that what ever it will be. It will not be another store that is British owned and ran
Oh look out Kris H has got himself a new id.

wormshero says...
9:43am Wed 13 Feb 13

"Its owning company have been unable to confirm the reports but said it was reviewing its portfolio."

I think this kind of sums up the situation for me, when the owners don't even really have any concern for the store. Not sure about the British ran store comment; how many stores that take up that much space are actually British ran these days? The few that were have their head offices overseas to avoid paying their fair share anyway. A new record shop would be nice (I realise that won't ever happen).

terryg says...
10:15am Wed 13 Feb 13

tellitasitreallyis wrote:
Oh no another store to close.
I wonder what there will be put there in place. Will it be a nail bar or a foreign restaurant. Think it will be a odds on guess, that what ever it will be. It will not be another store that is British owned and ran
Republic isn't British owned ... so I can't really see the point you're trying to make.

Boris says...
3:50pm Wed 13 Feb 13

Justice79 wrote:
tellitasitreallyis wrote:
Oh no another store to close.
I wonder what there will be put there in place. Will it be a nail bar or a foreign restaurant. Think it will be a odds on guess, that what ever it will be. It will not be another store that is British owned and ran
Oh look out Kris H has got himself a new id.
Yes I had suspected that, but I was trying to flush out his ignorant xenophobia. And terryg has put him in his place. Usually when Kris knows he is beaten, he shuts up. Let's see if he comes back at us on this one.

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