Women's fashion retail chain Sasha has gone into liquidation, leading to the closure of 42 stores and the loss of 300 jobs.

The High Court of Ireland has appointed Deloitte as liquidator to Sasha's parent company, Denholme, which local reports said had debts of nearly EUR10m (US$12.6m) towards the end of 2008.

Sasha was established in 1982, but had struggled recently with mounting losses thanks to the retail downturn and increased competition.

Deloitte's David Carson was appointed as interim examiner to the company in November 2008.

The court was told that there was no reasonable prospect of Sasha's survival, and approved the company's liquidation.