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UK fashion retailer Select Fashion collapses, leaving employees without pay or redundancy.
UK retailer Select Fashion has collapsed, leaving employees without redundancy pay or owed wages.
After closing 35 stores, the company, now owned by Turkish businessman Cafer Mahiroglu, is undergoing a wind-down process managed by insolvency firm Moorfields.
Workers at closed shops won't receive pay for hours worked before closures, and those at remaining 48 stores face delayed payments.
The company cited the cost-of-living crisis, wage pressure, and higher taxes as contributing factors to its financial struggles.
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El minorista de moda del Reino Unido Select Fashion colapsa, dejando a los empleados sin sueldo o redundancia.