Oasis and Warehouse on brink of collapse with 2,300 jobs at risk

Oasis store tottenham court road

Fashion retailer Oasis and Warehouse is on the brink of collapse putting 2,300 jobs at risk due to the ongoing coronavirus outbreak.

The fashion brand is on the brink of appointing accountancy firm Deloitte to handle an insolvency process, Sky News reported.

The announcement is expected to come tomorrow or Wednesday and comes three weeks after group owner Kaupthing began discussions with prospective buyers after being approached by an unnamed company.

Talks are expected to continue with potential buyers after Deloitte is appointed.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.