The rest of that arcicle says that the business has been sold quickly and will continue:
A spokesperson from East said "Geoffrey Bouchier and Philip Duffy, Managing Directors at Duff & Phelps, Joint Administrators of East Limited, have announced the successful sale of the business and its assets.
"The deal preserves more than 550 jobs and 82 stores and concessions which will open as normal, supported by the website east.co.uk.
"East, one of the UK's most well-known contemporary women's fashion brands, will continue under the management of the current team.
"The acquisition of the business by East Lifestyle Limited for an undisclosed amount will see 19 stores and 5 concessions close with the immediate loss of 155 jobs.
"The sale follows a vigorous bidding process that included a number of Private Equity firms and secures a sustainable future for the brand."
East Lifestyle Limited, the purchaser, will also honour gift cards and returns.