The Officers Club, the Men's clothing retailer,  has gone into administration with 46 stores being sold to Blue Inc immediately after the appointment by the administrators at Grant Thornton.  The warehouse and the remaining 56 stores have been closed.  The high street chain employed 900 people but the sale to Blue Inc has saved 400 jobs.
  
Joint administrator Joe McLean said: "The Company experienced particularly challenging trading conditions in 2010 with raw material costs rising significantly. It was not possible to pass these increases on to customers given the extremely price sensitive nature of the UK retail arena. "

The stores being bought are expected to add between £25 and £30m of sales to Blue Inc's turnover, bringing its revenues up to about £80m.

In an ideal situation the whole of the business could have been sold but it seems this was not possible. 

Have a look at our page on pre-pack administration this outlines how a company can be be put into administration and then the business and assets are sold at the same time.  An alternative would be a trading administration where the business would have been put into administration, continue to trade and then a buyer found as quickly as possible.  Alternatively, the business could be saved by going into administration and exiting via a CVA.