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Re: Changes on the High Street
Quote:
Quote from Sky News: More than 2,000 retail sector jobs are to be put at risk as Oasis and Warehouse, two of the high street's best-known names, prepare to crash into administration.
Sky News has learnt that the women's fashion chains are on the brink of appointing Deloitte, the accountancy firm, to handle an insolvency process.
Sources said that an announcement was likely either later on Tuesday or Wednesday.
The move will come three weeks after The Oasis and Warehouse Group, which is owned by the failed Icelandic lender Kaupthing, began discussions with prospective buyers following an approach from an unnamed company.
Although there is understood to have been strong interest in a deal, the uncertainty caused by the coronavirus pandemic is thought to have made a solvent sale impossible to conclude.
Talks are expected to continue with potential bidders after Deloitte's appointment is confirmed.
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Full details on link.
For many businesses on the high street the lockdown is likely to be the last straw. This time it will include the coffee shops, nail bars and hairdressers which were taking over empty premises.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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