There’s good news for jewellery fans, and bad news for the York high street.
A closing down sale has started at Links of London on Stonegate as it prepares to shut its doors.
Watches have at least 25% off and there are clearance prices on its range of charm jewellery, cufflinks and gifts.
But this is not a York phenomenon. The chain owns 28 shops up and down the country and they have started closing down sales.
The group has been in trouble for some time, and was seeking a refinancing deal. The Sports Direct Group owned by Mike Ashley was reportedly interested in buying Links of London but no deal came through.
Now it has gone into administration, with Deloitte appointed to oversee the future of the brand.
Across the group 350 jobs are on the line.
Joint administrator Matt Smith said:
The company is well-known in its market having been present on British high streets for almost 30 years.
This is not the outcome we hoped for and will of course be difficult news for employees and their families.
Links of London was founded in 1990 and was owned by Greek company Folli Follie.
It is a turbulent time for the High Street, and York is not immune. Earlier this month we reported that Debenhams on Davygate was to close before Christmas.
Meanwhile work is work is progressing on plans to open three new stores in the old BHS.