Birmingham-based Ciro Citterio, the men's fashion chain that went into administration earlier this week owing more than £30m ($42.9m), announced today that it is to close 45 of its 160 stores. The group, which employs 1,750 staff and has 160 stores across Britain and the Irish republic, was put into administration by the high court to be rationalised and restructured because of cash flow problems caused by a shareholder dispute.