Tag : Austin Reed
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.
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.
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.
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.
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.
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.
'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.
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.