More than 1,800 people have lost their jobs at Oasis,Warehouse and two other brands in the latest blow to the high street. All Oasis and Warehouse stores across the UK will be closing and online sales will also be stopped.
It comes as administrators Deloitte said they were unable to find a buyer for the business. The failure to save Oasis Warehouse Limited, The Idle Man and Bastyan Fashions, will result in the loss of 1,803 jobs.
Staff had already been placed on furlough leave following the temporary closure of all stores in the UK. Deloitte said it had sold the intellectual property and the company’s stock to restructuring expert Hilco Capital, but Hilco had decided not to buy the rest of the business.