Two Cotswold Outdoor stores and one Snow+Rock shop are to close as part of the approved Outdoor & Cycle Concepts company voluntary arrangement (CVA).
Under the CVA, approved this morning by more than 97% of creditors, four stores from the UK retailer’s portfolio will close in the next three months.
This includes the Peterborough and Ipswich branches of Cotswold Outdoor and the Bridgend Snow+Rock store.
Outdoor & Cycle Concepts also owns the brands Runners Need and Cycle Surgery. One Cycle Surgery store will also be affected.
Managing director Jose Finch said: “This positive outcome is an important step in our transformation programme to build a stronger future. We will now work hard to activate our proposal ensuring that store closures and job losses are kept to a minimum whilst continuing to offer our customers unparalleled expert service and the very best products from quality brands.”