Oasis and Warehouse unlikely to survive lockdown as they face administration

Thanks for watching my video. If you like my videos, please subscribe to the channel to receive the latest videos Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/). For any copyright, please send me a message.  Women’s fashion chains Oasis and Warehouse are on the brink of going bust, with thousands of jobs at risk.  The Oasis and Warehouse Group employs 2,300 people and has 90 stores, with 437 concessions in department stores like Debenhams and Selfridges.  However, the company is expected to appoint big-four auditor Deloitte today or tomorrow to handle their administration, according to Sky .  It is thought the majority of employees who keep their jobs will be furloughed under the government’s Coronavirus Job Retention Scheme.  The move comes three weeks after the group, owned by Icelandic lender Kaupthing, started talks with prospective buyers to save the company.  There was understood