Select has gone into liquidation after shuttering 35 stores in recent weeks
High street fashion retailer Select has collapsed after closing 35 stores. Insolvency firm Moorfields have initiated the liquidation process for Select Fashion after a meeting with creditors on Friday.
Employees at the remaining UK branches were informed of the situation via email, which also mentioned there would be a ‘delay’ in their wage payments. The message reassured staff: “Please be assured that your wages will be processed and paid out next week.
“We are doing everything we can to resolve this matter as swiftly as possible and appreciate your understanding during this difficult time.”
Select had officially lodged a notice confirming the appointment of Moorfields to oversee the winding down of Select Fashion LTD. Earlier in the month, it was disclosed that the company’s directors had been advised to opt for a Creditor’s Voluntary Liquidation (CVL).
A CVL is chosen when a business and its shareholders decide to close due to an inability to settle debts. Following this decision, the company ceases operations, and any assets left are liquidated to repay creditors, reports the Mirror.
The liquidation became official after the creditor’s vote last Friday afternoon.
Select has shut down 35 of its 83 UK shops in recent weeks, affecting around 40 employees. However, the brand won’t vanish from the British high street as 48 of its stores have been bought out and will continue to trade under the Select name.
Select Fashion, a retailer of women’s clothing, accessories, and footwear, first appeared on the British fashion scene in the 1980s. As of 2024, it had about 100 stores nationwide and is currently owned by Turkish entrepreneur Cafer Mahiroğlu.
The company fell into administration in 2019 due to challenging conditions on the high street, putting 1,800 jobs and 169 stores at risk.
Genus UK Limited later purchased the company out of administration. According to the most recent filings on Companies House, Select Fashion entered into a Company Voluntary Arrangement (CVA) last summer.
A CVA allows a company to pay off its debts over a set period while continuing to trade. It’s a common method for assisting struggling businesses and often involves actions such as negotiating rental costs with store landlords.
Documents published last month revealed that Essence Fashion Limited has entered into a licence trade agreement with Select Fashion. A director’s report also explains how the company entered into a license to trade with Essence on February 28, 2025.
This means the business has permission to use the Select Fashion name and its other assets.
According to Companies House records, the business was established in February 2024 and shares the same director and shareholder as Select, Emre Gonc. Both Select Fashion and Moorfields have yet to respond to requests for comment.
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