JD Sports is considering 'strategic options' for Go Outdoors

JD Sports has confirmed it is looking at a number of 'strategic options' for Go Outdoors.

It comes after JD Sports, which owns Go Outdoors, filed a notice of intention to appoint administrators on Friday.

JD Sports said in a statement today: "The Group can confirm that it has considered a number of strategic options for Go and that Go's directors have lodged the Notice in Court. This Notice creates an immediate moratorium around the company and its property which lasts for ten business days. During this moratorium, Go's creditors cannot take legal action or continue with any existing legal proceedings against the company without the Court's permission."

However administrators have not yet been formally appointed.