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Fashion Chain In Administration

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http://news.bbc.co.uk/1/hi/business/7265170.stm

Fashion chain in administration

Select Retail is based in Hertfordshire

Women's fashion store chain Select Retail has gone into administration, but half the 250 stores have already been sold to a management buy-out team.

Administrators UHY Hacker Young said the sale secured the full-time employment of approximately 1,000 members of staff.

UHY Hacker Young added that the remaining Select stores would stay open in an attempt to find a buyer.

A number of potential suitors have already expressed an interest.

Select blamed the move into administration on a "deteriorating trading performance" since the start of the year.

The company is based in Hertfordshire.

The credit crunch first high street victim (no more cheap credit for chavs?)

:)

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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