Clothing chain Republic goes into administration, but Swansea and Carmarthen stores to remain open until buyer is found
CLOTHING chain Republic has become the latest casualty of the high street after going into administration and placing 2,500 jobs at risk across the UK.
Republic operates 121 stores across the UK, including one in Swansea and one in Carmarthen.
Stores will continue to trade until a buyer is found.
Ernst and Young has been appointed to find a buyer for the troubled business.
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The administrators have already announced 150 job cuts at the Leeds headquarters of the company.
The business began as a men's denim retailer in 1986 under the Best Jeans brand in Leeds.
It currently offers casual fashion, under multiple brands to young adults, including Jack Jones and SoulCal.
Joint administrator, Hunter Kelly, said: "Republic suffered poor trading results in the Autumn, and whilst sales picked up in December there has been a sudden and rapid decline in sales in late January."
Republic opened its store in Swansea's Quadrant Shopping Centre in 2003.