JD Sports to renew Go Outdoors after 'pre-pack' administration deal

(Reuters) - JD Sports on Tuesday appointed Deloitte as administrator for its loss-making outdoor clothing chain as it bought back assets of the unit in a pre-pack administration deal.Go Outdoors, which JD first bought for 112 million pounds four years ago, has struggled with significant losses as sales declined at its 67 stores, and JD had been exploring options for the division while the coronavirus lockdown mounted further pressure. "As a consequence of COVID-19, Go Outdoors was no longer..