Trouble at budget chain

A BUDGET fashion chain has proposed a radical restructuring programme as it tries to avoid administration.

Saturday, 2nd July 2016, 5:55 am
Updated Thursday, 25th August 2016, 7:11 pm

Store Twenty One, which has 202 stores including ones in North End, Gosport, Waterlooville, Havant and Fareham, has tabled a company voluntary agreement.

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Restructuring experts AlixPartners have been appointed by owners Alok Group to try and stop the chain, which employs more than 1,000 people, going bust by slashing rent and closing stores.