Fashion chain’s 1,500 jobs at risk

MORE than 1,500 jobs at fashion chain Bank have been put at risk after the loss-making business went into administration yesterday.

Bury-based Bank operates 84 stores primarily in the Midlands, North of England and Scotland, including a branch in Oldham’s Spindles Town Square shopping centre. It was part of JD Sports Fashion until November.

All stores are open as normal and no redundancies have been made while administrator Deloitte considers potential interest in the business.

Bank was founded by Andy Scott, a former Macclesfield Town footballer, in 1994 and mainly sells branded clothes aimed at younger buyers. JD bought the chain for £18.5 million in 2007. It sold the compaby in November to HMV owner, Hilco.