East Yorkshire shopping village Hornsea Freeport has fallen into administration.
Joint administrator Dan Butlers of Deloitte said: “The outlet has suffered as a result of the current economic environment, and is further evidence of the continued pressure being experienced by the retail sector as consumers continue to rein back their spending.”
The administrator will keep the outlet trading while it looks for a buyer.
Hornsea was bought in March 2005 by a company run by the partners of a Manchester law firm Lopian Wagner.
The owner had plans for a £6m extension of the centre but only one phase of the plans had been completed. Last week the Laura Ashley store at the village closed.