Republic gift cards invalid

Kasmira Jefford
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AROUND 78,000 gift card holders of the failed fashion retailer Republic will be left £1.2m out of pocket, after its new owners Sports Direct said it would not honour the gift vouchers.

Administrators Ernst & Young said in a recent statement of proposals that it is “not the responsibility” of Sports Direct, which bought the troubled retailer in February, to honour the cards.

It also emerged yesterday that Sports Direct will take the axe to more than 10 of Republic’s 114 stores, with more likely to close.