840 jobs lost after another shop fails

AROUND 840 High Street jobs have been lost after Calvetron, the owner of Jacques Vert and Precis, closed down.

Administrators were appointed in May but failed to find a buyer for the business.

The job losses come after 102 concessions were earmarked for closure in June, which hit 445 employees. There will be about 500 retail redundancies from the latest round of closures, plus another 90 jobs in Calvetron’s global head office and distribution centre, as well as a further 250 roles in Canada.

Benjamin Wiles, joint administrator at Duff & Phelps, said: ‘We have explored a number of potential options, however no viable offers for the business as a going concern have been received.’