The fashion chains are the latest to enter into administration It's no secret that the high street is in dire straits right now.
Bricks-and-mortar shops have been forced to close due to the global health crisis, limiting any potential sales to e-commerce alone.
It’s a time that many brands may not survive. The Centre for Retail Research has predicted that 20,000 shops could be closing their doors for good this year as a result of the pandemic.
The latest casualties could well be Warehouse and Oasis, two British fashion stalwarts which are owned by Icelandic bank Kaupthing, and look set to go into administration in the coming days.