Gio Goi goes into administration

Men's fashion retailer Gio Goi has gone into administration. The company had already closed

its three high street stores in Aberdeen, Glasgow and Manchester last summer in an attempt to restructure the business. However, it continued to supply clothing to a range of high street and online retailers.   

KPMG administrator Jane Moriarty said in a statement: "Following a restructuring programme last year, Gio Goi was unable to return to growth levels enjoyed up until 2009 and has become another victim of the recessionary environment.

"We are now looking to sell the business and assets and will continue to satisfy customer orders pending a sale of the business."