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.