Rosebys, the home furnishings retailer, has gone into administration.
KPMG Restructuring has been appointed to the 230-store chain.
The Rosebys brand name has been sold to GHCL, the Indian based parent company of the UK brand.
The group is continuing to trade under licence while a buyer is sought for the whole or parts of the business, to include the stock and stores.
Any purchaser will also be able to continue to licence the brand.
As a result of the sale of the brand name the administrators are in the process changing the name to Textile & Design.
The chain has 280 outlets altogether in the UK including 52 concessions within the retailer Homestyle.
Rosebys is the third well known high street retailer to fall into administration this month.
Faith, the footwear chain, went into administration but was bought out by entrepreneur John Kinnaird while Chinese herbal chain Dr & Herbs went into administration earlier this month