A £100m Yorkshire textiles retailer has entered into administration.
The Rosebys group of 280 stores, which employs 2,000 staff and turns over £100m, appointed joint administrators from KPMG.
Rosebys appoint adminstrators from Leeds
Rosebys's failure to refinance pushes it into insolvency
Accountancy Age, 26 Sep 2008
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Difficult trading conditions has seen the business post losses and it has been unable to refinance, said joint administrator Howard Smith.
The business will trade as normal as a buyer is sought.
'No employees have been made redundant to date,' added Smith.
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