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Gio-Goi fashion firm latest victim of recession

FASHION brand Gio-Goi has become the fourth retail-focused business to go into administration in a week.

The company follows Jessops, HMV and Blockbuster in what has been a tough start to the year for the high street.

Gio-Goi had already closed down its three retail stores – in Aberdeen, Glasgow and Manchester – last year citing tough trading conditions.

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