Fashion retailer Jane Norman has fallen into administration for the second time in three years.
The collapse comes after privately owned retailer Edinburgh Woollen Mill bought out the fashion chain in a 2011 pre-packaged administration.
Jane Norman has placed its 24 stores into administration. Administrators at Grant Thornton have admitted store closures are likely.
The company said: “Like many retailers, we have seen extremely challenging conditions on the high street for several years in what is a very competitive sector in young fashion.
“While we have made every effort for a number of years to makes those stores work, that part of the business is no longer viable.”
Les Ross, partner at Grant Thornton, said: “We intend to continue trading the stores for as long as possible with a view to achieving the best outcome for all concerned, in particular those people based in the stores. It is likely, however, that store closures are inevitable.”
Edinburgh Woollen Mill said the retailer would continue to operate through its website and international concessions.
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