JAG’s acquisition of the 45 Go Mobile stores it bought from Shebang boss Iain Humphrey had collapsed as Mobile went to press.
JAG boss John George (pictured, above right) handed back all 45 stores to Humphrey on Monday this week. However, George claimed that 57 stores were handed back to Go Mobile.
Separately, JAG is understood to have handed back the six Link Telecom stores it bought from a different seller.
Out of all the stores, at least 14 were immediately closed down – these stores were in the north of England and Northern Ireland.
Humphrey (pictured, above left) claimed there had already been interest to buy the five stores in Northern Ireland.He said he couldn’t comment on the number of redundancies as ‘it was an issue for JAG’.
Humphrey claimed that JAG renegotiated on the sale price due to a decline in trading conditions after the initial deal in January. He added: ‘Our relationship with JAG remains intact.’
JAG chief John George said: ‘I wanted to pay less, Ian didn’t want me to.’