1,800 jobs at risk as fashion retailer goes into administration

THE RETAIL fashion outlet ‘Select’ has gone into administration with the company reportedly looking to launch a Compulsory Voluntary Arrangement (CVA) imminently.

Select has around 1,800 employees at 169 stores including a large number of stores across Wales. It is owned by Turkish entrepreneur Cafer Mahiroglu.

The company reportedly turns over £77 million pa and caters for 18 to 35 year olds.

No redundancies have been announced and it has been reported that there are no plans for job losses despite this being one year after the retailer resorted to a CVA to try and cut its rent bill.

Image Attribution: David Peace [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

Editor

Alan has a long career of working with children in education. Latterly he ran a busy photography studio and worked for local newspapers. He started one of the first hyperlocals in Wales, which has gone from strength to strength. He is a member of the NUJ and sits on the board of the Independent Community News Network.

See author's posts