High street fashion store Oasis and Warehouse have reportedly lined up Deloitte to act as administrators. According to Sky News the sister chains, owned by Icelandic bank Kaupthing, could be placed into administration in the next few days.

Last month the brands were reportedly in talks with a potential buyer, but the impact of the Covid-19 crisis has closed stores for the foreseeable future and made the sale of the businesses impossible. 

Oasis and Warehouse employ 2,300 staff, and before the lockdown had operated 90 stores and more than 400 concessions.

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