| View more details on this retailer : Jane Norman |
| | | | 25/06/2014 | Estates Gazette, Nick Whitten - Jane Norman collapses again | | | | | Jane Norman falls into administration for second time in three years | | | | | Estates Gazette reports that Jane Norman has fallen into administration for the second time in three years.
Grant Thornton has been appointed as administrator and all 24 stores have been placed into administration. Grant Thornton have admitted store closures are likely.
The company said: "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.
"While we have made every effort for a number of years to makes those stores work, that part of the business is no longer viable."
Les Ross, partner at Grant Thornton, 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."
Edinburgh Woollen Mill said the retailer would continue to operate through its website and international concessions. |
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