Oasis and Warehouse concessions in North Wales will close permanently after administrators said they were unable to find a buyer for the business.

The brands went into administration ealier this month and today Deloitte said that all stores and concessions will close for good and online sales stopped.

Certain stock and intellectual property assets associated with the group have been sold to Hilco Capital.

It will result in 1,803 redundancies.

Oasis had concessions in the Debenhams stores in Llandudno, Wrexham and Bangor while Warehouse also had a concession in the Wrexham Debenhams.

Debenhams store at Eagles Meadow, Wrexham
Debenhams store at Eagles Meadow, Wrexham

All the stores are currently closed anyway due to the coronavirus pandemic and there is already a threat of closure hanging over the Debenhams stores in North Wales.

Rob Harding, joint administrator at Deloitte, said: “Covid-19 has presented extraordinary challenges which have devastated the retail industry.

"It is with great sadness that we have to announce a sale of the business has not been possible and that we are announcing so many redundancies today.

"This is a very difficult time for the Group’s employees and other key stakeholders and we will do everything we can to support them through this.

“We would like to thank all the employees and other key stakeholders in the Group for their continued support.”

Rob Harding and Richard Hawes were appointed as joint administrators to the group on April 15. At the time of appointment, the business operated from 92 branches across the group’s leasehold stores, with 437 concessions located in third party retailers.