High Street

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Republic Administration Leaves Huge Debts Of £33m

Republic Administration Leaves Huge Debts Of £33m

Trade suppliers, landlords and employees could lose almost £30m after young fashion chain Republic’s entered administration in February. Republic, which has 121 stores and employs 2,500 people, appointed Ernst & Young as administrators in early February and immediately made 150 staff at its head office redundant. Hunter Kelly, one of the administrators appointed by E&Y, said Republic had suffered from a "very…