High street fashion chain to close 23 stores – full list of locations

Reading now: 829

Select Fashion is preparing to shut down 23 of its high street stores by this weekend.The struggling retailer has already closed 12 stores as part of a wider plan to close 35 sites in total by March 15.This means that the remaining 23 stores are set to close their doors by this weekend.

Once these closures have taken place, Select will be left with 48 stores. Over the past few years, the fashion chain has been steadily closing sites, including branches in Ipswich, Kent, Cwmbran and the Erith Riverside Shopping in London in 2024.This follows Select's collapse into administration in 2019 and its entry into a Company Voluntary Arrangement (CVA) last summer.

A CVA is an agreement between a business and its creditors that allows debts to be paid off over a fixed period of time.The creditors must first approve the CVA before it can be implemented, reports the Mirror.

Before falling into administration in 2019, the fashion chain boasted a total of 169 stores. It was later bought out of administration by Genus UK Limited.

Read more on ok.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA