By Hugh Radojev2019-05-10T08:55:00
Select has collapsed into administration, leaving the future of its 169 stores and 1,800 employees hanging in the balance.
The women’s fashion retailer blamed “prevailing high street conditions” for the failure of its restructuring process, which saw creditors vote through a company voluntary arrangement aimed at slashing rents less than a year ago.
As Retail Week revealed at the end of March, Quantuma LLP has been drafted in to handle the administration process.
Sources said Select, which has an annual turnover of £77m, suffered “horrendous” sales during the crucial Christmas trading period.
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