Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Ethel Austin to close stores and slash jobs

Ethel Austin administrator Menzies Corporate Restructuring will close 33 of its 300 stores and slash 181 head office jobs after the value chain went into administration yesterday.

Ethel Austin chief executive Simon Cooper, retail director Ian Ogden and head of buying Beverley Latchford-Brown will leave the business tomorrow, while finance director Paul MacDonald will stay on for an undisclosed amount of time to oversee the handover of the business.

Sources close to Ethel Austin said that Elaine Gray, the former chief executive of MK One, was preparing a rescue deal for the chain as Drapers went to press. Gray is expected to take back around half of the stores in a bid to streamline the business.

Readers' comments (1)

  • I was one of the many people made redundant yesterday and I just want to say that it was a great place to work and a lot of talented people lost their jobs. I was annoyed that no notice was given to us at all and in my opinion the administrators handled it badly, making us wait most of the afternoon to find out our future.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.