End of the line for Miss Sixty

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Sixty UK, which trades as Miss Sixty and Energie in Britain and has 12 stores, went insolvent after failing to repay a loan from Italian parent Sixty Group.

The retailer fell foul of expansion plans gone wrong as well as a slump in High Street sales as hard-up shoppers cut back spending.

Peter Hollis of Vantis Business Recovery Services was called in as administrator and said it was business as usual at the stores — for now. So far, there have been no redundancies.

He said: "We are not looking to sell any of the business at this stage.

"But it may need to be restructured into a different group and one or two stores may not continue.

"The business is currently operating as normal with all stores remaining open and supplies to concessions and independents unaffected."