Sports Direct is to buy 116 stores and the website from the administrators of fashion retailer Republic.
Joint administrators from Ernst & Young confirmed the sale, which would include the head office in Leeds.
The deal is expected to save more than 2,100 jobs for Republic workers.
Joint administrator Hunter Kelly said: "In what has been a very challenging time and volatile climate for retailers, it is particularly pleasing to have completed the successful sale of Republic (Retail) Limited, saving 2,100 jobs across the UK high street and at its Leeds-based headquarters.
"The brand Republic is well recognised and well respected by customers for offering quality, high fashion goods and it is a testament to its strength that Sports Direct has made this investment to secure its future and high street presence."
Republic was originally established as a men's denim retailer in 1986 under the Best Jeans brand, in Leeds.
It currently offers casual fashion, under multiple brands to young adults, including the Jack Jones and SoulCal labels.
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