Reports are circling that next week Jigsaw is preparing to launch a CVA next week, which could lead to the closure of a raft of stores.
Currently the fashion company employs around 900 people and they drafted in advisors from KPG last month to look at rent negotiations with landlords.
Cavendish Corporate Finance was also hired to seek a new external investor or to look at a potential sale process.
Reports of Jigsaw permanently closing an unspecified number of its 75-strong store estate were released last month after KPMG was drafted in.
Earlier this year, Jigsaw hired the former chief executive of Karen Millen, Beth Butterwick, to work on a project on an interim basis.
