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Jane Norman enters administration

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by Kay Mitchell

Fashion chain Jane Norman has gone into administration after failing to find a buyer.

The retailer was forced to close its 90 UK stores this weekend and the news comes just a few days after it emerged that furniture chain Habitat is to be put into administration.

Jane Norman is understood to have appointed American accounting firm, Zolfo Cooper who will supervise a pre-pack administration.

The retailer has a workforce of around 1,600 and its clothing is aimed at young women.

It is understood Debenhams, Edinburgh Woollen Mill and Aurora Fashion have been linked with takeover bids for the firm.

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News posted: June 27, 2011

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