Fears for local jobs: Oasis and Warehouse collapse into administration

Fears for local jobs: Oasis and Warehouse collapse into administration

Published by Maria Greenwood at 7:32am 16th April 2020.

Women's fashion retailers Oasis and its sister brand Warehouse have fallen into administration.

The move affects more than 2,000 staff across 92 branches and 437 concessions.

Oasis has a branch on South Street in Dorchester.

'Talks of a deal'

It was reported earlier this week that the Oasis and Warehouse Group, which is owned by the failed Icelandic lender Kaupthing, began discussions with prospective buyers following an approach from an unnamed company.

Although there is understood to have been strong interest in a deal, the uncertainty caused by the coronavirus pandemic is thought to have made the sale impossible to conclude.

It's the latest retailer to find themselves struggling and comes just 10 days after Debenhams also appointed administrators for their business.