Salisbury's Oasis to CLOSE after chain sold

Salisbury's Oasis to CLOSE after chain sold

Published by Faye Tryhorn at 12:44pm 30th April 2020.

2 minute read

The city's store on New Canal is among 92 branches around the country that are being shut 'indefinitely' after the business went into administration.

A deal's been struck today (Thursday 20th April) for restructuring experts Hilco Capital to buy out the Oasis and Warehouse brands.

But while that will see all of the fashion retailer's stock being snapped up, it will mean all of their High Street stores closing, with more than 1,800 people losing their jobs.

Online sales are also being stopped. 

The chain was put into administration earlier this month (Wednesday 15th April), following difficult trading conditions not made any easier by the Covid-19 lockdown.

In a statement issued in response to an enquiry from Sky News, Rob Harding, joint administrator at Deloitte, said:

"COVID-19 has presented extraordinary challenges which have devastated the retail industry.

"It is with great sadness that we have to announce a sale of the business has not been possible and that we are announcing so many redundancies today.

"This is a very difficult time for the group's employees and other key stakeholders and we will do everything we can to support them through this.

"We would like to thank all the employees and other key stakeholders in the group for their continued support."

Oasis has had a store in Salisbury since Spring 2018.

This news also comes just a couple of weeks after department store Debenhams announced its departure from Salisbury's Blue Boar Row, after the chain also entered administration.

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