Animal franchisee Clubsport has entered administration, resulting in seven store closures and 47 job losses.
BDO’s Graham Randall and Simon Girling have been appointed as administrators, and have so far secured the sale of five stores, saving 43 jobs.
Stores in towns including Wrexham, Llandudno and Bangor have shut, although five stores have been bought by a new firm, Clubsport (A New Beginning) and will remain trading.
Clubsport operated 12 stores across England and Wales which traded under licence from sports lifestyle brand Animal, and employed 90 members of staff.
Animal’s standalone stores and other franchise stores are unaffected.
Randall told Drapers: “The company was exposed to difficulties as a result of the economic climate and a decline in sales volumes over the past 12 months in certain of its locations.”
He added: “The joint administrators explored every avenue to preserve the future of all stores, but regrettably this has not been possible. Principally, I am delighted that 43 jobs have been saved, and these stores can now move forward on a secure financial footing. We will be assisting affected staff with their redundancy claims and would like to thank them for their forbearance at this time.”