Another High Street Fashion Retailer Bites the Dust

  • Select Fashion enters liquidation
  • 35 stores to close on 28 March
  • Michael Solomons and Andrew Pear of Moorfields appointed as joint liquidators
  • Hundreds of staff impacted
  • Select previously operated 105 stores across the UK
  • Collapse follows Quiz Clothing’s administration last month

Select Fashion, a high street fashion retailer, has entered liquidation and will close all its remaining 35 stores on 28 March. Michael Solomons and Andrew Pear of Moorfields have been appointed as joint liquidators. The company had previously operated 105 stores across the UK but closed 35 shops earlier this year. This follows Quiz Clothing’s administration last month, which shuttered 23 stores and cut 200 jobs. The retail industry faces a challenging start to 2025.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Select Fashion entering liquidation and its impact on staff and stores. It also mentions the closure of other high street fashion chains, indicating a broader trend in the industry. However, it lacks some details such as the exact number of affected employees and the reasons behind the closures.
Noise Level: 8
Noise Justification: The article provides little insight or analysis and mostly reports on events without offering any new information or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses the liquidation of Select Fashion, a high street fashion retailer, which will impact its employees and potentially affect its suppliers and creditors. It also mentions the recent administration of another retail company, Quiz Clothing, which had a similar impact on its staff and investors. These events can influence the stock market and investor sentiment in the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it’s not the main topic.

Reported publicly: www.retailgazette.co.uk