Thousands of employees are facing an uncertain future after a budget fashion retailer falls into power.

Select, which specializes in women's clothing for people aged 18 to 35, went into administration last week because of "continuing financial difficulties".

The budget brand has 136 stores across the UK, including Talke, Newcastle, Longton, Tunstall and Crewe.

It was bought by Turkish businessman Cafer Mahiroglu, who rescued the chain in 2008 and last year added Quantuma as a Voluntary Enterprise Agreement (CVA) consultant to corporate rescue specialist Quantuma.

But the company has now appointed administrators and said it will check "all options" for the chain. No layoffs have been announced at the moment and it is not clear what will happen to the local branches.

Andrew Andronikou, Quantuma's co-administrator, said, "Due to continued financial difficulties, I can confirm that Brian Burke, Carl Jackson and I have been appointed co-administrators of Genus UK acting as Select.

"We will continue to trade Select as we evaluate all the options available to the company to achieve the best results for all stakeholders.

Select has a branch in High Street, Tunstall
Select has a branch in High Street, Tunstall

"Options include selling the business and engaging in talks with parties that have already expressed interest in acquiring the business.

"In support of this effort, a data room has been set up and all further expressions of interest are requested. We will also review CVA proposals submitted by the directors. "

Eddie Leligowicz of the Newcastle Business Improvement District hopes that a suitable buyer can be found to hold Select on the main roads of the UK.

He said, "It's like any other name on the main street affected by these times, and it's a name we'd like to keep in. It's a disappointing news.

"I hope they find a partner who keeps Select running, the last thing we want to see is that another name disappears and a unit is free.

"I hope you find someone who can handle the Select business and keep it going."

Buyer Domonique Birks of Newcastle added, "It's just another deal being closed on the main road, and it's a shame that Select has been in Newcastle for years.

"If it closes, it will be a shame to have another empty unit in the city, all we seem to have is charity shops and pubs."

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