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Hoi Polloi closure leads to widespread redundancies

Around 100 positions have been made redundant at indie young fashion mini-chain Hoi Polloi after it went into administration earlier this month.

The retailer, which is registered as Stockcove but trades as Hoi Polloi, had 12 stores in Northern Ireland, Scotland and northern England. It has closed seven shops, including Rochdale and Huddersfield, due to tough trading.

The remaining stores are no longer accepting gift vouchers.

James Stephen and David Hill, partners at accountancy firm BDO, have been appointed as administrators. Stephen said: “Unfortunately, like many other retailers, Hoi Polloi has been significantly affected by the difficult trading conditions.

“Our only option, regrettably, has been to oversee a shutdown of seven stores. We recognise that this comes at a difficult time of year for staff and we will be liaising with them individually to offer support and assistance.”

The retailer, which has its head office in Glasgow, has five stores still trading including East Kilbride and Belfast.

As well as its own label, Hoi Polloi’s offer includes Gio-Goi and Henleys.

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