St Albans fashion store closes
PUBLISHED: 12:00 27 June 2011 | UPDATED: 17:12 27 June 2011
FASHION retailer Jane Norman went into administration over the weekend.
The chain, which has a shop in The Maltings in St Albans, closed its 90 stores after a buyer for the ailing business could not be found.
Zolfo Cooper were appointed as administrators to the business this morning (Monday.)
A spokesperson said: “We can confirm that Zolfo Cooper have been appointed as joint administrators to the Jane Norman women’s fashion retail chain. Following a period of testing trading conditions, the company has experienced severe cash flow difficulties which resulted in the board requesting the appointment of the administrators. Discussions continue with relevant parties and further detail will be provided when made available.”