Popular Northern Ireland based clothing store Exhibit, which operates under the name Cucco Retail Limited, has gone into administration, affecting about 100 jobs.
The chain’s website indicates the brand has 14 stores, including one in Ballymena’s Tower Centre, and a further two in the Republic of Ireland.
It is understood staff were told on Monday that the company had entered administration, and jobs were being lost.
The administrator, HNH Group, said the business had been hit by a general downturn in trading conditions and significant change in consumer spending patterns.
A spokesperson for HNH Group said they were undertaking an “immediate assessment of the financial position of the company and its assets”.