Fashion retailer Select set to collapse into administration

Select’s £15.5m losses in the 18 months to December come at a time when high street retailers face rising costs and falling sales. Photograph: Dinendra Haria/Rex/Shutterstock The fashion retailer Select is set to collapse into administration on Wednesday, putting 2,000 jobs at risk. The loss-making fashion chain, which has 180 stores, has been struggling for several years and its expected failure comes just a year after it resorted to a company voluntary arrangement, a form of insolvency, to cut its rent bill in order to stay in business. Quantuma, the…

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