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Collections Group goes into liquidation

Nearly 50 roles have been made redundant at retail chain Collections Group, after the company went into liquidation.

Shops and outlets belonging to the Jersey retailer have closed, with the loss of 47 positions, according to the BBC.

It comes after the company appointed insolvency practitioners from Grant Thornton to help manage a “just and equitable winding up”.

The chain owns stores including Axleman, Axlewoman and Surfshack and according to the BBC, liquidators are working on the possibility of reopening stores.

Alan Roberts and Jamie Toynton of Grant Thornton were appointed joint liquidators.

Jersey has no law for administration, but Toynton noted that the island’s court had made “an order that enables, as far as possible, the liquidators to use some of the advantages an administration would give”.

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