2000 jobs at risk as Select readies for administration

SAHAR NAZIR | April 1, 2019

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Select is preparing to call in administrators, putting 2000 jobs at risk.The discount fashion retailer has filed a notice of intention to appoint an administrator, a court document that prevents creditors from calling in debts for 10 working days. The document, seen by Retail Week, was filed at the high court last week. Advisory firm Quantuma has been lined up to handle the administration process. Select launched a CVA last year to cut rent costs in order to continue the business.It also launched a CVA in 2008 and Turkish entrepreneur Cafer Mahiroğlu has owned it twice.

Spotlight

Douglas

Douglas is a leading company in the beauty care sector in Europe. With more than 2,500 stores in prime locations across 19 European countries, Douglas holds a strong market position.In the past financial year 2016/2017 (October 1, 2016 until September 30, 2017), Douglas and its subsidiaries generated annual sales of approximately EUR 2.8 billion.Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 38,000 products make Douglas the frontrunner in the growing selective beauty market.

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