Oasis and Warehouse file for administration

Oasis and Warehouse have filed for administration, with 202 jobs immediately lost and a further 1,800 at risk.

Following earlier reports that the women's fashion retailers were preparing for an insolvency process, directors appointed Rob Harding and Richard Hawes from Deloitte as joint administrators for the whole company – which comprises Oasis & Warehouse, Oasis Fashions, Warehouse Fashions, Bastyan Fashions and online menswear retailer The Idle Man.

A total of 41 head office roles will be retained to assist the administrators and 1,801 employees will be furloughed across head office, stores and concessions.

The move comes three weeks after The Oasis and Warehouse Group began exploring a sale of the business and brought in advisers from Deloitte to find potential buyers. Although there was understood to have been strong interest, the Coronavirus lockdown's impact reportedly made a sale impossible to conclude.

Previously, in November 2016, administrators for Icelandic bank Kaupthing began the sale process for the group, which then also included Karen Millen and Coast; eventually withdrawing the following year. It managed to sell off Karen Millen and Coast to Boohoo last year through a pre-pack administration.

Oasis and Warehouse trade from 90 standalone stores and 437 concessions in department stores.

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