Select news and archive

Select Fashion begins winding up, staff reportedly go without pay

High street chain store Select Fashion has officially collapsed, triggering a winding up procedure by its insolvency firm Moorfields and a series of outstanding wage payments. This is according to the Sun, which further claimed that none of the 40 staff members at the 35 stores Select Fashion closed earlier this year were paid their weekly wages...

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Select Fashion set to close 12 stores across the UK following CVA filing

High street fashion retailer Select Fashion is believed to be closing 12 of its branches over the next two months, almost one year on from its entry into a Company Voluntary Arrangement (CVA). Impacted stores are said to be primarily in the North of England, according to The Sun, which reported that it had seen documents revealing that staff at...

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TGI Holdings becomes co-owner of Select Model Management

TGI Holdings, a London and Sydney-based private investment holding company, has become a co-owner of Select Model Management, a global network of model and talent agencies. In a statement, Select Model Management said that TGI Holdings, led by founder and investment principal Alfred Tagliaferro, has become a co-owner in partnership with existing...

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Network of Leicester garment factories involved in money laundering

A network of garment factories in Leicester, some of which have supplied retailers Boohoo and Select Fashion, have been involved in a money laundering and VAT fraud scandal, according to an investigation by BBC Radio 4. The activity was brought to light by a civil court case between the bosses of two clothing wholesalers. Leicester-based company...

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Select prepares to launch third CVA

British fashion chain Select is reportedly planning to launch its third company voluntary arrangement (CVA) in a bid to agree rent cuts with landlords. The company has called in advisors Howard Kennedy to help with the negotiations after it reportedly failed to pay rent since the Covid-19 pandemic hit, The Telegraph reports. If it goes ahead, it...

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Womenswear retailer Select launches CVA

Administrators for budget British fashion retailer Select have launched a company voluntary arrangement (CVA) in a bid to turnaround the struggling womenswear chain. Business advisory firm Quantuma were called in to rescue Genus UK Ltd, which trades as ‘Select’, after it fell into administration in May following a period of poor sales. The CVA...

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Select falls into administration

Budget British fashion retailer Select has fallen into administration, putting 1,800 jobs at risk if a sale of the business is not agreed. Andrew Andronikou, Brian Burke and Carl Jackson of business advisory firm Quantuma were appointed as administrators of Genus UK Ltd, trading as Select, on 10 May. Quantuma said that due to “prevailing high...

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Select lines up administrators

Budget British fashion retailer Select is reportedly preparing to call in administrators, putting some 2,000 jobs at risk. According to Retail Week, the womenswear chain filed a notice of intention to appoint an administrator in the middle of last week and has lined up advisory firm Quantuma to handle the administration process. Last year,...