adminstration news and archive

Update: East to stop trading in May, 300 jobs lost

London - High street fashion retailer East is set to cease trading next week after administrators failed to secure a buyer in time. Nearly 300 employees will be made redundant once the company East Lifestyle Limited closes down on May 4. The closure follows on from East's administration in January, which led to 27 redundancies at the time. East...

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East enters into administration for the second time in under three years

London - East Lifestyle Limited, the high street retailer known as East, has entered into administration for the second time in under three years today, putting 314 jobs at risk. Phil Armstrong and Geoff Rowley, partners at specialist business advisory firm FRP Advisory LLP, were appointed as joint administrators on January 29. The womenswear...