The High Street Moshi chain increased after he had closed 35 stores earlier this month – and the staff said he would not get a salary or the remaining salary.
The Moorfields Insolvent Company began the process of winding the clothing seller after meeting creditors on Friday afternoon.
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Comes after a tumultuous few months for a fashion brandcredit: BPM Media
Neither of the 40 staff members in the affected selected fashion stores will not be paid weekly salaries when they worked before the stores closed – nor will they give them a package of excess.
Numerous workers have been said to apply for support through the Government’s release service (RPS).
E -mail staff, which has seen the sun, informs the remaining employees – working in 48 other branches that have been saved from closing – that the company has officially spoiled and tells them that there will be a “delay” in paying their wages.
The message continues: “Be sure that your salaries will be processed and paid next week.
“We do everything we can to solve this question as quickly as possible and appreciate your understanding in this difficult time.”
After the message, worried workers welcomed silence and have not been able to make contact since then.
It is also understood that some employees have been told that they will receive a payment to help them get into the weekend, but it has never passed.
One source close to the issue said that the staff was told last week during the liquidation meeting that the bank accounts used by the chain used to be frozen.
Last week, the fashion brand submitted a notice to confirm that he appointed Moorfields for the implementation of liquidation.
Earlier this month, the Sun revealed that fashion stamps directors have recommended that you choose to enter the voluntary liquidation of the creditor (CVL).
Main Seller High Street with 17 Scots Shop to Close ‘Third’ Shop in UK
This is a procedure in which both directors and shareholders in the company agree to a job that cannot repay their debts.
The company is extinguished and all the remaining assets are sold to return creditors.
The liquidation is now official after the vote of creditors at last week’s meeting.
It indicates the end of the SELECT Fashion LTD, which made the voluntary arrangement of the company (CVA) last summer, which means that it was put on a plan to help pay off their debt.
Just a few weeks ago, Mark closed 35 of the 83 stores in the UK in a move that affected 40 staff members.
48 Saved branches
However, the name of the brand will live because 48 stores will continue to trade as selected after they have been redeemed.
Last month’s applications showed that Essence Fashion Limited concluded an agreement on a license with a selected fashion.
The Director’s report describes in detail how the company enrolled in a trade with Essence on February 28, 2025.
This means that the job has permission to use the selected fashion name and other property, such as its property.
Little is known about the company, but submissions to the companies show that it was created in February 2024.
Select Essence also have the same director and shareholder, Emre Gonc.
This is also not the first time the selected fashion brand has changed their hands.
Select entered the administration in 2019, but later was redeemed by the Rod of the UK Limited.
The company is owned by Turkish entrepreneur Cafer Mahiroğlu.
The sun approached Moorfields and chose fashion for further comment.
A complete list of selected fashion stores that closed
Here are the overall list of selected stores that closed at the beginning of this month:
- Hand
- Ashton-Under-alyne
- Acrington
- Preston
- Head
- Thorn
- Mediatrix
- Hull Hessle
- Ashington
- Spent
- Peterlee
- Hull st Stephen’s
- Skaro
- Hat field
- Wellingborough
- Witham
- Bristol Broadmead
- Bristol Broadwalka Shopping Center
- Refuge
- Newport
- Eastleigh
- Southampton
- Chippenham
- Port Talbot
- Merthyr Tydfil
- Hemel Hampsese
- Straight shore
- South shields
- Ugalj
- Kidderminster
- Commode
- Bletchley
- Wolverhampton
- CHARGE
- Commode
High street pain
Today, the magic of further misery for customers who had to say goodbye to many of their favorite brands.
The affordable fashion space has suffered in recent years, as brands have been fighting for the continuation of internet giants such as Shein and Theme.
Back in February, the quiz crashed into incompleteness, closing 23 stores.
Even H&M shook his stores revealing plans to close his independent monastic shops or integrate the brand with another fashion line, weekdays.
Swedish clothing giant also confirmed plans to close its Arket store in Bullring 6 April.
The new look enhances the closing program of the trade on the eve of April a national campaign.
About a quarter of the seller 364 stores are threatened when their rent expires.
This amounts to about 91 stores, with a significant impact on its 8,000 labor force.
In the last six years, the company has restructured its property in the store, reducing its portfolio with about 600 British stores in 2018.
He also closed all his 26 shops across Ireland, marking the end of a two -year term in the country.
Retail pain in 2025.
The British retail consortium predicted that the Treasury Tripler would cost NICS’s retail sector 2.3 billion pounds.
A study by the British Chamber of Economic Chamber shows that more than half of companies plan to increase prices by early April.
A study at more than 4,800 companies showed that 55% expect prices to increase in the next three months, which is more than 39% in a similar survey conducted in the second half of 2024.
Three quarters of companies have cited the cost of employment of people as their primary financial pressure.
The Retail Research Center (CRR) also warned that around 17,350 retail places are expected this year.
It is located on the back of a heavy 2024. When 13,000 stores closed its doors forever, it is already an increase of 28% compared to the previous year.
Professor Joshua Bamfield, CRR Director, said: “The results for 2024 show that although the results for the closing of stores were not as bad as in 2020 or 2022, they still do not mind, with worse in 2025.”
Professor Bamfield also warned of a dark view of 2025, predicting that as many as 202,000 jobs could be lost in the sector.
“Increasing the cost of running and the cost of the household of each consumer, it is very likely that we will see retail losses of eclipse of pandemic height 2020.”
Categories: Optical Illusion
Source: HIS Education