Andrew Andronikou, Brian Burke, and Carl Jackson of advisory firm Quantuma were appointed joint administrators on 9 May.
There have been no redundancies made as a result of the administration, although the move has put 1,800 jobs at risk.
It operates 169 stores across the United Kingdom, employing around 1,800 people and boasting an annual turnover of £77m.
The appointment of administrator Quantuma comes nearly a year after the retailer resorted to a company voluntary arrangement (CVA) to slash its rent bill.More news: Peggy Lipton, Twin Peaks star, dies aged 72
Select joins a list of several high street stores have fallen into administration or used a CVA process.
Andrew Andronikou, joint administrator at Quantuma, said: "We will continue to trade Select whilst we assess all options available to the business, with the aim of achieving the optimum outcome for all stakeholders".
Select targeted 18-35-year-olds with up to 4,000 fashion products, and has an annual turnover of £77m.
The womenswear brand has 169 stores across the United Kingdom and is owned by Turkish entrepreneur Cafer Mahiroglu, who took control of the business after it entered administration in 2008.More news: STEM shooting: What is known so far
In April 2018, the company used a company voluntary agreement (CVA) to cut its rent by 75% and save about 2,000 jobs.
MORE: "Mounting debts" force family-run Ipswich garage to close down after almost 30 years Quantuma has been appointed as administrators of the business - with a spokesman blaming "prevailing high street conditions" for the difficulties.
Fashion retailer Select, which has a store in the Montague Quarter, has become the latest casualty of the high street. The fashion chain's owners said trading will continue in all stores until "all optionsm available to the business" have been assessed.
In March, fashion chain LK Bennett called in administrators.More news: Virgil Van Dijk named Premier League Player of the Season
Earlier today, department store chain Debenhams said it will be closing 50 stores after failing to find a buyer.