1,000 jobs at risk after Calvetron enters administration
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Over 1,000 jobs are on the line after fashion retailer Calvetron entered administration.
The company behind Windsmoor and Jacques Vert was rescued last summer with a deal that resulted in the loss of over 700 jobs.
The fashion retailer acquired a £12.5m loan from Secure Trust Bank to try and turn around its fortunes. The current retail environment has hit Calvetron hard however, with rising labour costs and consumers moving their spending away from fashion and into leisure.
Problems at Calvetron have been magnified by the collapse of partners House of Fraser and Debenhams.
Retail Sector has approached Calvetron for comment, but is yet to receive a formal response.
