Coronavirus: British fashion retailers Oasis, Warehouse fall into administration

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Coronavirus: British fashion retailers Oasis, Warehouse fall into administration
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LONDON (REUTERS) - British fashion brands Oasis and Warehouse have fallen into administration, threatening over 2,000 jobs and joining a growing list of store groups pushed over the edge by the coronavirus crisis.. Read more at straitstimes.com.

LONDON - British fashion brands Oasis and Warehouse have fallen into administration, threatening over 2,000 jobs and joining a growing list of store groups pushed over the edge by the coronavirus crisis.

The brands trade from 92 branches across the Oasis Warehouse group's leasehold stores, with 437 concessions located in third party retailers. "Despite management's best efforts over recent weeks, and significant interest from potential buyers, it has not been possible to save the business in its current form."

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