A rescue deal for high Street fashion chains Oasis and Warehouse have collapsed – making them the latest big names to wave the white flag during the coronavirus lockdown.
Around 1,800 workers across 92 stores and 437 concessions are now set to lose their jobs as all the stores look set to shut down for good.
The chains had collapsed into administration earlier this month as a bid was made to try and rescue the company behind the bands.
But today administrators Deloitte announced that they had been unable to rescue the company. Hash Ladha, chief executive of Oasis Warehouse, said after the news of its administration a fortnight ago: "This is a situation that none of us could have predicted a month ago, and comes as shocking and difficult
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