Fashion retailer Select has gone into administration, but around 1,000 jobs have already been saved.
Select, which is based on the Shakespeare Industrial Estate, Shakespeare Road, Watford, was placed into administration last Friday, following "deteriorating trading performance" in the first quarter of 2008.
Administrators UHY Hacker Young, however, have quickly sold off half the company's 250 shops across the country to a management buy-out team, which secured the future employment of 1,000 people.
Select will continue to trade from its remaining stores, in an effort to secure a buyer and a further 800 jobs.
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