High street slump claims latest victim as Morgan goes into administration with likely loss of 600 jobs

Fashion chain Morgan has become the latest victim of the depression in high street sales

The company has been put into administration and about 600 staff are expected to be made redundant. It means 19 standalone stores and 47 department store concessions will close.

The chain suffered from “difficult trading conditions” with like-for-like sales down nearly 20% in the first six months of the year.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

Administrator David Crawshaw, of KPMG, said: “Morgan has suffered from difficult trading conditions on the high street. As a result of this and subsequent losses, the company faced an increased funding requirement to pay wages, landlords and creditors.”

The firm was looking to sell the business, but French parent Morgan SA has withdrawn its distribution agreement, leaving the UK outlet with no stock.