Wed, 25 Jun 2014 | ADMINISTRATION
Women’s fashion clothing seller Jane Norman has put its 24 stores into administration, marking the retailer’s second spell in insolvency within three years.
Alistair Wardell, Les Ross and David Riley from Grant Thornton were drafted in as the joint administrators to the troubled business yesterday (24 June).
Jane Norman is to operate its online and international concession stores as normal and will endeavour to keep its high street shops open for as long as possible before a close-down, affecting 157 jobs.
Administrator Mr Ross said: “We intend to continue trading the stores for as long as possible with a view to achieving the best outcome for all concerned, in particular those people based in the stores. It is likely, however, that store closures are inevitable.”
A spokesman for Jane Norman added: “Like many retailers, we have seen extremely challenging conditions on the high street for several years in what is a very competitive sector in young fashion.”
Retailer and owner of Peacocks, another fashion brand, Edinburgh Woollen Mill purchased a third of the fashion chain in a 2011 pre-pack arrangement from Jane Norman’s previous administrators at Zolfo Cooper.
Edinburgh Woollen Mill cited being unable to support the 24 under-performing stores in the UK and Ireland as the reason for the push into administration.
______________________________________________________________________
Related information:
Contact the administrators
Jane Norman fashion retailer in administration
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.