The coronavirus crisis claimed thousands more jobs on Thursday as a deal was struck to sell the group comprising Oasis, Warehouse and smaller brand The Idle Man to Hilco Capital. Their stores aren't part of the deal.
Following its administration filing, the CEO of Oasis/Warehouse has stepped down from the business. The company hasn’t confirmed the news but Hash Ladha’s LinkedIn profile has him listed as having left the company.
While the coronavirus crisis is proving devastating for some fashion companies, others such as Boohoo are thriving and the online retail giant could see acquisition opportunities as some brands struggle to survive.
As the Covid-19 crisis continues, brands that aren’t well established will have a tough time surviving, even if they’re owned by big names. So it was no surprise to learn that River Island-backed Harpenne has been axed.