"Although the Budget threw retailers a short-term lifeline with the extension of Covid support packages until after the summer, conditions will continue to be incredibly challenging as they face subdued demand, thinner margins and rising logistics costs, alongside the...

The application said the firm also wanted to help "create a sustainable infrastructure for the UK's fashion industry, centred in Leicester, that will continue to provide secure jobs to skilled workers, and a self-sustaining, transparent support and logistics network...

"The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill Capital assets. As these discussions remain ongoing, it would be inappropriate to comment further at this time," the spokesperson added.