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Can JJB pull a win out of the bag in extra time?
Aug 26th 2012, 02:30

Since then, the Wigan-based chain has lurched from one crisis to another, despite investors and suppliers pumping more than £225m into the group and two insolvency procedures to ditch stores and reduce its rent bill. Today, JJB is again battling to safeguard its future ahead of 29 September, when it will have to stump up millions of pounds in rent. The chain's management must submit a restructuing plan by 5 September to hopefully, finally, save JJB. The options, though, seem fairly gloomy. Neil Saunders, the managing director at Conlumino, the research firm, adds: "I think it is in a pretty bleak position. An administration seems increasingly the only way out of the situation." JJB...

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