UK's Bank Fashion confirms closure of last stores

Bank Fashion's administrator Deloitte today confirmed that the young fashion retailer, which entered administration in January, is closing down its last nine UK stores.

Photo: Bank

When it went into administration, Bank had 84 stores, located mainly in the Midlands, North of England and Scotland, and 1,555 employees.

Bill Dawson, Joint Administrator and Partner in Deloitte's Restructuring Services practice, said: "Unfortunately no purchaser could be found for the business as a going concern, although its intellectual property is still for sale. We would like to thank the company's employees for their support and professionalism during this difficult period."
The remaining stores will close in April 2015.

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