MORE than 1,500 jobs at fashion chain Bank, including in Bradford, have been put at risk after the loss-making business went into administration.
Bank, which operates 84 stores primarily in the Midlands, north of England and Scotland, was part of JD Sports Fashion until November.
Deloitte was appointed as administrator after a review of the business determined that a solvent turnaround would not be possible.
All stores, including one in Bradford’s Kirkgate Centre, are open as normal and no redundancies have been made while Deloitte considers potential interest in the business from several parties.
Bill Dawson, a partner in Deloitte’s restructuring services, said: “Bank has struggled in a highly competitive segment of the retail industry and has been loss-making for a number of years.”
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