Allders owed following administration

Jacques Vert faces a potential loss of £740,000 following the decision to put department store chain Allders into administration. The clothing retailer and wholesaler, operates 85 concessions in Allders outlets, from a total of 943 outlets, across womenswear brands including Jacques Vert, Windsmoor, Planet and Precis, menswear brand Melka, and outdoor clothing brand, Tenson.

The group said it is currently owed £740,000 by the Allders group. The figure dos not include any ongoing losses should then concessions close. It said: "The full consequences of the Allders administration on Jacques Vert is not yet known and a further update will be given once the position becomes clear." Earlier this month Jacques Vert announced an improved performance, with interim operating profits up 93 per cent to £3.1m.