The fashion chains Oasis and Warehouse are … The talk of administration comes only days after Debenhams, a major stockist of Oasis and Warehouse fashions, also called in administrators as clothing retailers struggle to survive the high street shutdown. However, the crisis, which has seen many shops temporarily close, has knocked the legs from under the sale. The fashion retailers are expected to appoint Deloitte as administrators. Last modified on Wed 1 Jul 2020 17.44 BST. The advisory firm Deloitte will handle the insolvency process for the companies, which, until the coronavirus lockdown, operated 90 standalone stores and more than 400 concessions in department stores including Debenhams and House of Fraser. The business, which is controlled by the Icelandic bank Kaupthing, had been seeking a new investor to take on the fashion chains. BAFTA-winning Ambulance is back with brand-new episodes, Coronavirus: Next website halts orders hours after reopening, Coronavirus: Cath Kidston set to call in administrators, https://www.bbc.co.uk/news/business-52285231, Cath Kidston set to call in administrators, Full article Real human stories behind the sirens, Full article Daily news briefing direct to your inbox. If you're worried about work during the coronavirus crisis, this guide looks at your rights as an employee including who's eligible to be furloughed. High-street fashion chain Oasis and its sister firm Warehouse have become the latest big-name retailers to collapse into administration as a result of the coronavirus pandemic, though both will continue to trade online "in the short term". The chancellor's new wage top-up scheme to replace furlough is aimed at protecting "viable" roles. High-street fashion chain Oasis and its sister firm Warehouse have become the latest big-name retailers to collapse into administration as a result of the coronavirus pandemic, though both will continue to trade online "in the short term". The fee for plastic carrier bags is set to double to 10p in England from April next year, with the charge also being extended to smaller shops, Tesco has started charging flat fees for grocery delivery and Click & Collect slots, in a major shake-up which means cheaper times are no longer available and some customers will have to pay much more, Secondary ticket seller Stubhub is now warning people that tickets bought on its site "may not get them into an event", after action from the competition watchdog, Morrisons will remove all plastic 'bags for life' from sale and replace them with large paper bags if a trial is successful, Plus NOW check your chances for top cards, 'Can I get a refund on £9k tuition fees...', New. High Street retailers in the UK were facing a tough environment before the crisis, due to rising costs and changes in people's shopping habits. The fashion chains Oasis and Warehouse are to collapse into administration as early as Wednesday, putting about 2,300 jobs at risk. How much should you be saving for your kids to go to uni?

The group made a pretax profit of just £1.6m, recovering from a £10m loss a year before, but owed more than £40m in loans and overdrafts last year. For all the latest deals, guides and loopholes - join the 12m who get it. Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. At least two prospective buyers are thought to have come forward but a deal is unlikely to be finalised before the imminent administration. Available for everyone, funded by readers. Read about our approach to external linking. Its 142 UK stores remain closed in line with Government guidance and the firm said it will work to 're-open and trade as many stores as possible' when restrictions end. Mortgages, credit cards, loans, payday loans, car finance and more, 24-piece cruelty-free make-up bundle for £34 delivered (£150ish bought separately) – incl beauty dupes for Urban Decay, Tarte, Ciaté & more, Get paid to recycle old clothes and shoes, eg, £5 off at M&S, Schuh and H&M, Psssst! Some retailers are undoubtedly using it to make us pay more to get less. What a weight off my mind. Find cheap pick-up only items near you - they often attract fewer bids. The announcement means that 1,800 staff will be placed on furlough, while 202 …