High Street chain Republic 'close to administration'

HULL: Yorkshire retail fashion chain Republic is reported to be close to entering administration.

The chain, which has a store at Princes Quay shopping centre, employs about 1,000 people, with a head office in Leeds.

It could enter administration as early as today,

The retailer, which is owned by private equity group TPG, has been hit by poor trading over recent months.

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Republic would be the latest casualty on the high street.

Last month saw the collapse of Jessops, HMV and Blockbuster, with the loss of up to 10,000 jobs across the country.