Tag : Austin Reed
Austin Reed Group sale 'imminent'Subscription
Austin Reed Group is on the cusp of a sale to a mystery buyer, sources have told Drapers, more than a year after creditors approved its company voluntary arrangement (CVA) proposals.
'Tough times ahead' for Austin Reed GroupSubscription
Alteri Investor’s acquisition of Austin Reed Group late last Friday will provide a temporary respite for the business, but the turnaround will be tough and womenswear may not be central to its future proposition, sources have told Drapers.
The future of Austin Reed, CC and Viyella remains uncertain as administrators assess initial offers for the whole business, while a raft of retailers circle stores from its “strong” portfolio in predominantly affluent market towns.
High street stalwarts BHS and Austin Reed have both gone into administration after suffering from falling sales and margins in an increasingly competitive clothing market.
Touker Suleyman eyes parts of Austin ReedSubscription
Touker Suleyman, owner of menswear brand Hawes & Curtis and womenswear label Ghost, is among those circling parts of Austin Reed following its collapse into administration last month.
Sports Direct makes surprise bid for Austin ReedSubscription
Sports Direct is understood to be among the businesses seeking to buy Austin Reed out of administration.
The fate of Austin Reed Group could be decided this week after several parties – including Sports Direct – expressed interest in buying part or all of the business.
White Stuff and Jones Bootmaker are among the retailers that have agreed deals on former Austin Reed Group stores, after the high street retailer ceased trading in June.
Brexit to redraw high street landscapeSubscription
There will be more churn in property portfolios over the next few years as retailers face up to a new landscape following the UK’s vote to leave the European Union, experts warned at the Local Data Company’s (LDC) Retail and Leisure Summit in London this week.
Supplier to stricken chain is recovering after writing off debts caused by administration.