DW Sports chain collapses, 1,700 jobs at risk | UK Market Update

August 04, 2020 03:35 PM EDT | By Team Kalkine Media

DW Sports, a gym and sports retailer, has said it will enter administration, putting 1,700 jobs at risk. The company, founded by former Wigan Athletic owner Dave Whelan, operated 73 gyms and 75 stores across the UK. All of its stores are to close, but DW said it would work with administrators BDO to save as many gyms as possible. Fitness First and its 43 gyms, which are part of the same group of companies, will not be affected. The DW Sports website will cease trading with immediate effect.

The firm which bought Thomas Cook shops has said up to 878 employees out of 4,500 may lose their jobs because of new coronavirus travel restrictions. Hays Travel took on more than 2,000 former Thomas Cook employees when it went bust in October last year. Owners John and Irene Hays said Spanish travel restrictions meant hundreds of thousands of holidays were cancelled. The Sunderland-based company said it was now consulting with 344 staff training as travel consultants and the 534 who work in the foreign exchange division. The firm said its experienced travel sales staff, apprentices and other head office staff were not affected by the cuts.

A family-run theme park hit by Storm Dennis and coronavirus has been sold after entering administration. Drayton Manor, in Tamworth, has been run by three generations of the Bryan family since opening in 1950. It has been sold to Looping Group, which runs attractions in Europe and the UK including West Midland Safari Park and Pleasurewood Hills. About 600 people were employed at the Staffordshire Park and their jobs have been protected.

#uk #jobloss #covid19 #kalkine


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