Harold Tillman eyes Austin Reed
Harold Tillman, the owner of Jaeger, is eyeing the Austin Reed chain, following speculation that it could be put up for sale by its owners Guy Naggar and Peter Klimt.
Harold Tillman, who has made previous attempts to buy Austin Reed, said that he had made initial inquiries about buying the classic men’s and women’s wear business, according to newspaper reports over the weekend.
Speculation that Austin Reed might be put up for sale has mounted since administrators were called in at Guy Naggar and Peter Klimt’s Dawnay Day company.
Although Austin Reed is not part of the Dawnay Day group and is not affected by the administration of Dawnay Day, it is thought that the duo could put Austin Reed on the market to help raise funds.