More fashion firms in to administration

This evenings BBC report on the latest retail shops to close-

Mosaic, which owns some of the most famous brands on the UK High Street, has gone into administration, with debts of about £400 million.
Most of the group, including Oasis, Karen Millen, Warehouse and Coast have been immediately sold to Mosaic's main creditor - Icelandic bank Kaupthing.
But Principles and The Shoe Studio - two of Mosaic's other brands remain in administration, risking 4,200 jobs.

SOLD ON
Karen Millen
Oasis
Coast
Warehouse
Anoushka G

IN ADMINISTRATION
Principles
The Shoe Studio

The Principles brand employs over 2,300 staff and trades from over 400 outlets of which 94 are single stores and the remainder concession outlets - within other stores.
The Shoe Studio brand employs 1,870 staff and trades from 13 single stores and 270 concessions.

"Change of fashion is the tax levied by the industry of the poor on the vanity of the rich."
Sebastien-Roch Nicolas De Chamfort