Select Fashion news and archive

Select Fashion begins winding up, staff reportedly go without pay

High street chain store Select Fashion has officially collapsed, triggering a winding up procedure by its insolvency firm Moorfields and a series of outstanding wage payments. This is according to the Sun, which further claimed that none of the 40 staff members at the 35 stores Select Fashion closed earlier this year were paid their weekly wages...

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Business

Network of Leicester garment factories involved in money laundering

A network of garment factories in Leicester, some of which have supplied retailers Boohoo and Select Fashion, have been involved in a money laundering and VAT fraud scandal, according to an investigation by BBC Radio 4. The activity was brought to light by a civil court case between the bosses of two clothing wholesalers. Leicester-based company...

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Business

Select parent company files for CVA, placing 1750 jobs at risk

London - Genus UK Ltd, parent company of fashion retailer Select, is the latest high street chain to succumb to difficult trading conditions as it files for company voluntary agreement (CVA). Genus UK announced it is seeking a CVA to cut rents among its 183 UK store portfolio, after appointing business advisory firm Quantuma to advise on its CVA...

Fashion

Select plots 200 new stores in next five years

Women’s fashion retailer Select has announced ambitious expansion plans to open 200 new stores over the next five years, as it seeks to take advantage of a soft retail property market. The retailer, which targets fashion-conscious shoppers on a budget, has set itself a target of opening 40 stores per year over the five years, and to increase its...