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Daily Mirror
Daily Mirror
Business
Levi Winchester

Online store Studio Retail to hire administrators placing thousands of orders at risk

Studio Mike Ashley London Stock Exchange Sports Direct

Online retail giant Studio is to call in administrators after failing to secure a £25million 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.

Up to 1,000 jobs could be at risk at the online retail company, and Studio is warning of delays to outstanding customer orders.

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