Retailer JJB Sports is considering the potential sale of some of its non-core assets including its Qube and Original Shoe Company chains.
The company's shares have tumbled after its lender, the Icelandic bank Kaupthing, went into administration. JJB had recently taken an emergency £20m bridging loan from Kaupthing.
It is thought that the retailer owes at least £500k on empty stores for which it still has liability for the lease. It has been reported that the landlords are seeking a statutory demand for the outstanding payments.
In September JJB Sports announced an operating loss of £8.4m in its first half-year to the end of July.
The Original Shoe chain was acquired in December from Sports Direct International for £5m. Qube was acquired from West Coast Capital in May.
Credit insurer Coface has recently withdrawn protection for suppliers to JJB Sports from losses arising from the sportswear chain's collapse.
