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DEBENHAMS AND JD SPORT LOOKING TO KEEP FAITH IN THE MARKET

It looks like Debenhams and JD Sport are two of the interested parties looking to buy the collapsed footwear chain Faith which entered Administration on the 22nd April 2010.

It is believed that JD Sports have offered £4m for the company and that Debenhams are looking at a similar deal to when it acquired the brand and stock of Principles in 2009.

This could potentially save up to 1700 jobs currently at risk.

The Administrators of Faith, Mazars have confirmed that the deadline for offers to be made is the 7th May 2010 and that several information packs have been sent to interested parties.

This should be good news for my wife and my credit card as with well respected high street brands like JD Sports and Debenhams interested in purchasing Faith she will hopefully not need to go on that emergency spending spree to buy new shoes.

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