Oasis & Warehouse administrators have failed to find a buyer for the fashion retail business which means all stores and the online channel will now close permanently.
The closure will mean the loss of just over 1800 jobs.
Hilco Capital are understood to have bought the stock but had no interest in taking on the staff or the stores.
“Covid-19 has presented extraordinary challenges which have devastated the retail industry.
“It is with great sadness that we have to announce a sale of the business has not been possible and that we are announcing so many redundancies today”, Administrator Rob Harding said.
“This is a very difficult time for the group’s employees and other key stakeholders and we will do everything we can to support them through this,” he said.
“We would like to thank all the employees and other key stakeholders in the group for their continued support,” he added.
