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

By Hugh Radojev2020-04-14T14:31:00

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.

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