27 Oct 2010

Jean Jones' receivers look for buyer

7:17 am on 27 October 2010

Receivers appointed to Jean Jones say they are looking for a buyer for the clothing chain.

Although four stores have been closed, Deloitte is optimistic that most of the chain's 18 shops will continue to operate.

Deloitte says it's still reviewing the company's position, but it appears that the basic business model is viable and its problems were primarily caused by factors outside the business.

It says it is focusing on returning the stores to appropriate trading levels, and to identify a buyer for the whole chain.