Oasis and Warehouse prepare to go into administration
14:04, 14 April 2020
updated: 14:45, 14 April 2020
A fashion retailer with nearly a dozen stores in Kent is due to go into administration, putting 2,300 jobs at risk.
The High Street clothing chain behind Oasis and Warehouse is in the process of appointing accountants to handle its insolvency.
Three weeks ago, The Oasis and Warehouse Group began discussions with buyers and was approached by an unnamed company, which is thought to have backed out due to the uncertainly caused by the coronavirus outbreak.
The group has 90 stores and 437 concessions in department stores nationwide.
In Kent Oasis has standalone stores in Bluewater in Dartford, Bexleyheath, Bromley and Tenterden, and concessions in House of Fraser in both Bluewater and Maidstone, as well as Sainsbury's in Herne Bay.
Warehouse has a standalone shop in Bluewater and concessions in Fenwicks in Tunbridge Wells and Canterbury, as well as House of Fraser in Maidstone.
Maidstone's branch of Oasis closed its doors for good shortly after Christmas.
The stores join the likes of Debenhams, Laura Ashley, Cath Kidston, Carluccio's and BrightHouse, which have all been in talks with administrators in recent weeks.
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