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Oasis and Warehouse 'set to enter administration' putting 2,300 jobs at risk
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mirror.co.ukOasis and Warehouse are preparing plans to enter administration, according to reports. Both fashion chains could collapse by tomorrow, according to Sky News sources, with accountancy firm Deloitte set to handle the insolvency process, with 2,300 jobs on the line between both brands.
A potential administration comes just three weeks after The Oasis and Warehouse Group - owned by failed Icelandic lender Kaupthing - started discussions with prospective buyers.
There is still hope for a deal to keep the two brands alive and save jobs, but with shops closed until further notice and bills being racked up, it won't happen with the companies still solvent.
Read more on mirror.co.uk
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