SINGAPORE - Home-grown sports retail chain Sportslink wound up on Friday after accumulating debts to a"substantial number" of creditors.
On June 9, Adidas Singapore Pte Ltd had filed an application with the High Court for the winding up of Sportslink. When contacted before Friday's decision, Adidas declined to comment. Founded in 1983 by the late Mr Lim Kau Tee as Sports Interlink, a single store in Queensway Shopping Centre, the company was registered as a sole proprietorship four years later with the Accounting and Corporate Regulatory Authority as Sportslink.Sportslink, which sold sporting goods and apparel from international brands, was a hit with heartlanders because of its reasonable pricing. It extended its reach to suburban malls in 1995 and by 2002, the chain had expanded its footprint to 11 outlets.