Republic
Republic the fashion retailer became insolvent in 2013 after Administrators Ernst & Young declared the company bankrupt. The company went into administration partly due to the harsh economic climate, its main consumers were young people and with a high unemployment rate in young people, their consumers stopped spending. Consumers started going to budget clothes shops like Primark. 114 stores were bought by Sports Direct.
- Administrators: Ernst & Young
- Year Founded: 1985
- Total Number of Employees: 136,000 (peak)
- Number of Jobs Lost: 150
- Number of Retail Shops: 121
- Managing Director/CEO: Tim Whitworth
…2019: Any remaining stores were merged with USC, so as of 2019, Republic remains absent from the UK high street.