The clothes retailer is owed£740,000 in concession takings. Jacques Vert has 943 outlets and 85 of these are concessions in Allders stores.
An announcement this morning said: 'The full consequences of the Allders administration on Jacques Vert are not yet known and a further update will be given once the position becomes clear.'
A note from analysts at Seymour Pierce, house broker for Jacques Vert, deducted£750,000 from its forecasts for the current year, based on the likelihood of Allders not paying its debts. However, the broker has left its forecasts for the year unchanged until the situation becomes clearer.
The firm also pointed out that Jacques Vert's latest results showed it had cut its total debt to£1.9 million, so claimed that the Allders administration will not put it under serious financial pressure.
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