High Streets Initiative · 16 April 2020

NEWS: Oasis and Warehouse fall into administration during COVID-19

administration high street

Endemic retail conditions have triggered another death on the British high street as fashion brands Oasis and Warehouse file for administration, seeing a loss of 200 jobs.

The two well known high street fashion brands are seeking advisory help from financial firm Deloitte as they plunge into administration.

Oasis and warehouse LTD, which is a company ownedby Icelandic lender Kaupthing, could see 1, 800 jobs at risk while 200 have been lost indefinitely.

The fashion brand currently has 92 standalone stores and more than 400 concessions in department stores including Selfridges and House of Fraser, (which are currently shut in compliance with the Government’s lockdown measures due to the coronavirus crisis.)


 
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