JJB Seeks Second CVA

Posted: 15th February 2011

jjbSports retailer JJB is said to have sought the assistance of insolvency practitioners from accountants KPMG in undertaking a second company voluntary arrangement in two years.
Under the previous CVA, more than 100 JJB stores were closed, but the company has decided once again that its future viability depends on further store closures, which could leave the group with half the number of stores it had at its peak.