Women's fashion retailer Jane Norman has gone into administration.
The company closed its 89 UK stores over the weekend after it failed to find a buyer for the business.
Administrators have been appointed to the company from accountancy group Zolfo Cooper.
Debenhams and Edinburgh Woollen Mill have been linked with takeover bids for Jane Norman, which employs 1,600 people and whose clothing is aimed at 16 to 25-year-olds.
Jane Norman has debts of £140m, and has been struggling with depressed sales.
A consortium of 11 banks currently owns 80% of the business, with 20% in the hands of its management.
If you have been affected and need debt advice:
CALL DEBTS ON ICE ON 07730435751 FOR HELP
16th September 2011
My name is Stefan Wilkinson and I deal with the mis-selling of financial products
Mis–selling is more widespread than you might have realised
I believe mis – selling is wrong and needs highlighting...