Up to 680 jobs have been saved by the news that JeansWest has been sold.

In January, the clothing chain was placed into Voluntary administration and it was thought more than 250 people were set to be made redundant.

However, on Monday, a statement has now confirmed a sale contract has been signed with Harbour Guidance PTY Ltd.

The company is an Australian subsidiary of Harbour Guide Ltd, a Hong Kong company owned by Mr Chun Fan Yeung and his family.

Yeung iOS a shareholder in the former parent company of Jeanswest, House.

“The sale is expected to be completed in mid-March 2020 and will include up to 106 stores,” the statement read.

“The sale is anticipated to preserve the jobs of up to 680 Jeanswest employees and is conditional on landlords agreeing to revised lease terms with Harbour Guidance.”

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Although the new sale will save a large portion of the employees, it has been confirmed the following SA stores are set to close:

  • Marion
  • Castle Plaza
  • West Lakes

The following stores will, however, remain open:

  • Golden Grove
  • Mt Gambier Marketplace
  • Whyalla
  • Churchhill
  • Murray Bridge
  • Unley
  • Brickworks
  • Elizabeth
  • Mt Gambier Central
  • Tea Tree Plaza
  • West Lakes
  • Renmark