Select Fashion has been steadily shutting down its shops since January and will shut its remaining 35 this week in a move that highlights the ongoing struggles facing UK retailers
A UK fashion retailer fallen into liquidation with all 35 of its remaining high street stores set to close this Friday (March 28).
Select Fashion has been gradually closing its doors since January, a trend that painfully underscores the difficulties plaguing retailers in the UK. The brand, previously embracing a company voluntary agreement with Moorfields, is now undergoing liquidation managed by the same restructuring specialist. Turkish businessman Cafer Mahiroglu’s firm once boasted a presence with 169 stores and had been a familiar sight on British high streets for nearly four decades.
Just last week, reports surfaced that advisors had been called in to steer Select through the liquidation process, a development that will reportedly affect “hundreds of…
