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Wales Online
Wales Online
National
Levi Winchester & Steven Smith

Jobs at risk and orders delayed as online retailer Studio goes into administration

Studio Mike Ashley Sports Direct

As many as 1,000 jobs could be at risk at an online retail company as it confirmed it had called in administrators.

Studio made the move after it failed to secure a £25 million rescue loan.

Studio Retail Group, which is a third owned by Sports Direct boss Mike Ashley, has filed a notice of intention to appoint administrators and has suspended shares on the London Stock Exchange, reports the Mirror.

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