Fashion retailer Select plunges into administration putting 1,800 jobs at risk

High-street fashion chain Select has plunged into administration, putting 1,800 jobs at risk.

The appointment of administrators Quantuma comes almost a year after the retailer resorted to CVA to slash its rent bill.

Select operates from 169 stores across the UK and is owned by Turkish entrepreneur Cafer Mahiroglu, who bought the business out of administration in 2008.

Andrew Andronikou, joint administrator at Quantuma, said: "We will continue to trade Select whilst we assess all options available to the business, with the aim of achieving the optimum outcome for all stakeholders.

"Options include a sale of the business as a going concern, in addition to entering into discussions with those parties who have already expressed interest in acquiring the business."