Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Bank administrators make 35 head office staff redundant

Deloitte has axed 35 members of staff at Bank’s head office in Bury following the young fashion chain’s fall into administration on January 5.

No store staff have been made redundant.

Bill Dawson, joint administrator and partner in Deloitte’s restructuring services practice, said: “While we continue to talk to interested parties about a sale of parts of the business, the company’s current cost base is not sustainable during the administration period and this has necessitated today’s redundancies at head office.”

Bank has 84 stores and employs 1555 people. The chain was sold by JD Sports to a subsidiary of Hilco Capital at the end of November last year.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.