HIGH street fashion chain store East has been put up for sale by its Indian owner less than a year after it was rescued administration.
It is understood that Fabindia, which has been East's controlling shareholder since 2012, has started looking for prospective buyers for the chain, which has just more than 30 stores in the UK, including in Queen Street, Oxford.
East fell into administration in June last year, with Fabindia emerging as the controller of a new holding company for the business shortly afterwards.
A number of stores were closed as part of the process.
East still employs just less than 500 people.
A spokesperson for East told Sky News that the process was still at a very early stage and that no-one was able to comment further.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here