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Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week. The first Days store was opened in a former BHS and will house all the Edinburgh Woollen Mill group brands, which now include Austin Reed, Peacocks, Jane Norman and Country Casuals as well as Jaeger. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... After spending several years trying to revive the retailer’s fortunes, Better Capital hoisted a for sale sign at the start of this year. A buyer failed to emerge and, at the end of March, Better Capital sold Jaeger’s debt for £7m to a buyer who has been named in reports as Edinburgh Woollen Mill owner, Philip Day, who bought Austin Reed out of administration last year. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
....BHS’s flagship Oxford Street store in London is to be converted into the first outlet for Reserved, a fashion brand described as Poland’s answer to Zara. Other retailers stepping into the breach include The Range, Decathlon and Edinburgh Woollen Mill – which owns Jane Norman, Peacocks and Austin Reed - and discounters such as Lidl, B&M Bargains and Poundworld. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
....Last week Better Capital sold Jaeger’s debt to a company understood to be controlled by the retail billionaire Philip Day, who heads Edinburgh Woollen Mill. Insiders now expect most of Jaeger’s stores to close down, although the brand is likely to survive as part of the EWM stable, which includes Jane Norman, Peacocks and Austin Reed. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
.... . The Scottish firm, which owns Jane Norman and Peacocks, bought some parts of the menswear retailer Austin Reed when it closed last year. ...
Jaeger going out of fashion puts 700 jobs at risk image
Source : Guardian [Read Article] Friday 7th of April 2017 03:01:10 PM
....The owner of Jaeger’s debts would be in the driving seat of any administration process as their status as a secured creditor ranks their interests ahead of other parties, such as suppliers. Industry sources believe that the Edinburgh Woollen Mill owner, Philip Day, who bought Austin Reed out of administration last year, is waiting in the wings to acquire a restructured business, casting doubt over the future of its 25 stores. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Brantano is not the first British retail group to collapse under the control of Alteri, a group backed by the US private equity firm Apollo Global Management. Last year the tailoring specialist Austin Reed went into administration soon after Alteri increased its control over the group’s debt. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....Brantano is not the first British retail group to collapse under the control of Alteri, a group backed by US private equity firm Apollo Global Management. Last year tailoring specialist Austin Reed went into administration soon after Alteri bought its debt. ...
Lingerie brand Agent Provocateur could be heading for administration image
Source : Guardian [Read Article] Wednesday 15th of February 2017 07:32:35 PM
....Sources close to the negotiations said Agent Provocateur was a strong brand, but had over-expanded into department store concessions and stores, and a pre-pack administration would enable a potential buyer to acquire the business without some of its liabilities. In April last year, AlixPartners put upmarket tailor Austin Reed into administration soon after it was appointed to explore opportunities for the future of the business. ...
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....BHS is not the only high street failure to increase demand for the charity’s services. The collapse of suit vendor Austin Reed, with the closure of its 120 stores in June, also meant the loss of 1,000 jobs while American Apparel made 150 staff redundant in the week before Christmas. ...
Austin Reed brand set for high street return image
Source : BBC [Read Article] Wednesday 23rd of November 2016 04:43:43 PM
. Menswear retailer Austin Reed is set to make a return to the high street with 50 new stores, months after it collapsed with the loss of 1,000 jobs. ...
Austin Reed to return to high street seven months after collapse image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 11:33:46 AM
. Austin Reed is returning to the high street seven months after the tailoring specialist collapsed into administration with the loss of 1,000 jobs. ...
Staples sale takes jobs affected by retail failures in 2016 to 26,000 image
Source : Guardian [Read Article] Friday 18th of November 2016 12:59:36 PM
....The stores will remain open while Hilco decides what to do with the business, though the Staples brand will be phased out in the next six months. Staples is the latest familiar retail name to face difficulties this year, after the collapse of BHS and Austin Reed, as well as the planned closure of US retailers American Apparel and Banana Republic’s UK stores. ...
Staples brand to disappear from UK High Streets image
Source : BBC [Read Article] Thursday 17th of November 2016 12:32:23 PM
....She said Staples was continuing to make "good progress" on the rest of its European business to allow the company to "streamline our operations, sharpen our focus and more aggressively pursue our mid-market growth strategy". This year, a number of retailers have already closed or said they will shut down their UK shops, including department store group BHS, and clothing specialists such as Austin Reed, American Apparel and Banana Republic. ...
Planning applications for new shops fell 9% in past year image
Source : Guardian [Read Article] Sunday 24th of July 2016 11:01:21 PM
.... EMW said that despite traditional retailers increasingly focusing on and expanding their online services, many are often failing to compete effectively with online-only retailers, such as Asos and Boohoo. It said the recent failures of traditional retailers BHS, Austin Reed, and convenience store chain My Local were partly caused by the continued success of online-only brands. ...

Austin Reed creditors face big losses
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Source : Telegraph [Read Article] Sunday 10th of July 2016 11:01:00 PM
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My Local enters administration with 1,000 jobs at risk image
Source : BBC [Read Article] Wednesday 29th of June 2016 09:11:21 PM
...."Although the majority of stores have now closed, we are in active discussions with a number of interested parties in relation to both the remaining 32 premises that are trading and a small number of those that have closed," he said. The failure of My Local comes at a difficult time for the retail sector, following on from the failures of BHS and Austin Reed. ...
My Local shuts up to 90 stores as Store Twenty One pursues CVA image
Source : Guardian [Read Article] Tuesday 28th of June 2016 06:49:38 PM
.... BHS collapsed into administration in April and went into liquidation earlier this month after failing to find a credible buyer, putting 11,000 jobs at risk and leaving a £571m pension deficit. Last month more than 1,000 jobs were lost at Austin Reed after administrators failed to find a buyer for the majority of the 116-year-old tailoring company’s stores. ...
Ted Baker buoyed by online spending surge image
Source : Guardian [Read Article] Tuesday 14th of June 2016 04:08:11 PM
....Shares in the company rose more than 7% on Tuesday amid relief that it had shrugged off the difficulties experienced by other British retailers during the chilly spring. Austin Reed blamed challenging retail market conditions for its fall into administration in April. ...
Former BHS owner attempted to buy Austin Reed before it collapsed image
Source : Guardian [Read Article] Monday 13th of June 2016 06:49:56 PM
. The former BHS owner Dominic Chappell was trying to buy Austin Reed as the department store chain headed for collapse, it has emerged. ...
Tough trading environment behind BHS failure, says Geoff Ho image
Source : Daily Express [Read Article] Sunday 5th of June 2016 11:48:00 AM
. Aside from BHS, last week also saw tailor Austin Reed, which had dressed luminaries from Winston Churchill to the Beatles, announce that it would close with the loss of 1,000 jobs. ...
The Guardian view on the high street: help urgently needed | Editorial image
.... There is a real fear that BHS may merely be the first apple to fall in the face of an impending hurricane sweeping down the British high street. Austin Reed is closing 120 outlets and shedding 1,000 jobs after going into administration last month. ...
High street blues: British retail casualties since 2011 image
Source : Guardian [Read Article] Thursday 2nd of June 2016 05:11:16 PM
....Related: BHS rescue bid fails with loss of 11,000 jobs. May – Austin Reed, the 116-year-old tailoring brand, goes into liquidation with almost 1,000 staff likely to lose their jobs as its 155 stores close. ...
High street retailer Austin Reed to close 120 stores image
Source : Daily Express [Read Article] Wednesday 1st of June 2016 07:07:00 AM
....Outlets are expected to close by the end of this month. Five Austin Reed concessions in Boundary Mills outlet villages in the North of England, along with the Austin Reed and Country Casuals brands, have been acquired by retailer Edinburgh Woollen Mill. ...
Austin Reed stores to close with 1,000 job losses  image
Source : Daily Express [Read Article] Tuesday 31st of May 2016 02:59:00 PM
....The stores are set to close by the end of June said AlixPartners. In the past, customers of Austin Reed have included Winston Churchill and Elizabeth Taylor. ...
Austin Reed to cut 1,000 jobs after administrators fail to find buyer image
. More than 1,000 jobs are to be lost with the closure of 120 Austin Reed outlets after administrators failed to find a buyer for the majority of the 116-year-old tailoring company’s stores. ...
Moss Bros lifted by positive update image
Source : Guardian [Read Article] Friday 20th of May 2016 10:48:14 AM
....In a statement issued ahead of its annual meeting, the company said it was confident it would meet full year expectations. The positive news, coming just a few weeks after another tailor Austin Reed went into administration, has pushed its shares up 3p to 104p. ...
BHS and Austin Reed set for rescue deals - stores may be saved this week image
Source : Daily Express [Read Article] Sunday 15th of May 2016 12:01:00 AM
....Both sunk into administration last month, putting more than 12,000 jobs at the two firms at risk. However, both BHS’ administrator Duff & Phelps and AlixPartners, the insolvency group overseeing Austin Reed, are confident of saving their respective charges after receiving several bids last week. ...
Women could bear brunt of high street job losses, survey warns image
Source : Guardian [Read Article] Wednesday 11th of May 2016 11:30:00 AM
....The rate of store closures was accelerated by the financial crisis, which claimed major high street chains such as Woolworths. The sector is braced for fresh pain following the collapse of the department store chain BHS and fashion retailer Austin Reed, which together employ more than 12,000 people. ...
The way we shop now: the revolution in British spending habits image
Source : Guardian [Read Article] Friday 6th of May 2016 04:43:08 PM
....They call it the “experience economy”: a huge shift in consumer behaviour is said to be under way, from buying things to doing things. The demise of high street stalwarts BHS and Austin Reed, poor retail spending figures and a downturn in the number of people visiting high streets and shopping centres, are all being held up as evidence that Britons’ priorities are changing. ...
Upmarket tailor Austin Reed 'on radar' of Dragons' Den star image
Source : Guardian [Read Article] Thursday 5th of May 2016 06:06:32 PM
. Dragons’ Den star Touker Suleyman is one of the potential bidders circling collapsed fashion retailer Austin Reed. ...
Sports Direct sells JD Sports shares as it looks at potential BHS bid image
....The sale of shares in JD Sports was revealed in a stock market announcement on Tuesday after Ashley said he was working on a rescue bid for BHS, which fell into administration last week. Ashley is also understood to be looking at Austin Reed, the tailoring brand which also called in administrators last week. ...
Sports Direct sells JD Sports shares as it looks at potential BHS bid image
....The sale of shares in JD Sports was revealed in a stock market announcement on Tuesday after Ashley said he was working on a rescue bid for BHS, which fell into administration last week. Ashley is also understood to be looking at Austin Reed, the tailoring brand which also called in administrators last week. ...
UK's largest independent printer Polestar calls in administrators image
Source : Guardian [Read Article] Wednesday 27th of April 2016 01:37:02 PM
....PricewaterhouseCoopers has been appointed as administrator and has started the search for potential buyers. The collapse of Polestar comes in the same week as the retailers BHS and Austin Reed fell into administration. ...
Retailers feel freeze of cold April with sharpest sales drop in four years image
Source : Guardian [Read Article] Wednesday 27th of April 2016 12:12:17 PM
....The survey is the latest indication of the struggle retailers are facing on Britain’s high streets. BHS and Austin Reed have both called in administrators this week after running out of money, putting thousands of jobs at risk. ...
Sir Philip Green must repay £400m or lose knighthood, says MP image
Source : Guardian [Read Article] Tuesday 26th of April 2016 11:44:24 AM
....BHS called in administrators on Monday, putting almost 11,000 jobs at risk and the PFF is set to take on the company’s pension scheme. There was further bad news for the retail sector on Tuesday as clothing retailer Austin Reed also collapsed into administration, threatening more than 1,000 jobs. ...
Austin Reed set to file for administration as fears grow for high street image
Source : Daily Express [Read Article] Tuesday 26th of April 2016 08:57:00 AM
....Around 1,000 jobs at the 120-year-old brand are thought to be at risk, with confirmation of the firm's collapse expected imminently, according to Sky News. Austin Reed is currently trading as normal and is reportedly still accepting customer gift vouchers across its 155 stores. ...
City News: Hedge fund returns, Austin Reed image
Source : Daily Express [Read Article] Sunday 24th of April 2016 03:47:00 PM
....--------------------------------------------------------------------------------------------------------------. British retailer Austin Reed has filed a notice of intention to appoint administrators, putting some 1000 jobs at risk. ...
Where have all Britain’s shoppers gone? image
Source : Guardian [Read Article] Saturday 23rd of April 2016 02:59:08 PM
....Marks & Spencer and Next have also reported downbeat trading, with the boss of Next, Lord Wolfson, predicting the toughest trading conditions since the financial crisis after a gloomy reading of the 2016 economic runes. And at the end of last week the high street was braced for a fresh job losses and store closures after it emerged that the department store chain BHS was yet to secure a £60m rescue loan it needs to stay in business, while menswear store Austin Reed was close to entering administration. ...
Austin Reed files notice for administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Friday 22nd of April 2016 07:07:41 PM
. Close to 1,000 jobs are at risk at 116-year-old tailoring brand Austin Reed, where administrators could be called in as early as next week. ...
BHS denies speculation it is close to collapse image
Source : Guardian [Read Article] Friday 22nd of April 2016 06:41:52 PM
.... A spokesman said it was “business as usual” at the company and it was “on track” with talks over funding. Meanwhile, another 1,000 jobs are also understood to be risk at Austin Reed, the 116-year-old tailoring brand, which could call in administrators as early as next week. ...
Losses widen at Austin Reed as it struggles to fashion a turnaround image
Source : Telegraph [Read Article] Sunday 4th of October 2015 08:17:04 PM
. Austin Reed has revealed the dishevelled state of its finances after the 114-year-old British tailor’s accounts showed widening losses. ...
Morrisons close to convenience stores sell-off image
Source : Telegraph [Read Article] Saturday 15th of August 2015 08:30:23 PM
.... Morrisons' chief executive David Potts wants to refocus on core supermarkets  Photo: Andrew Crowley . One approach is understood to have come from Alteri, the Mayfair-based investment firm backed by US private equity giant Apollo, which provided a loan to British tailor Austin Reed earlier this year. ...
Austin Reed backer fashions another deal with Basler loan image
Source : Telegraph [Read Article] Friday 5th of June 2015 05:00:09 AM
. Alteri, the investment firm that provided a rescue loan for British tailor Austin Reed last month, is backing German fashion house Basler in the latest sign of its burgeoning interest in the struggling retail sector. ...
Austin Reed receives turnaround cash from Alteri image
Source : Telegraph [Read Article] Monday 18th of May 2015 04:02:56 PM
. Austin Reed, the 114-year-old British tailor whose famous clients include International Monetary Fund chief Christine Lagarde, has received financial backing from Alteri, a specialist retail vehicle. ...
Austin Reed to close 31 stores under restructuring image
Source : Guardian [Read Article] Friday 16th of January 2015 07:42:39 PM
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Austin Reed calling on Deloitte to tailor rescue image
Source : Telegraph [Read Article] Saturday 29th of November 2014 07:51:14 PM
. Austin Reed, the 114-year-old British tailor whose famous clients include International Monetary Fund chief Christine Lagarde and HM The Queen, is close to appointing Deloitte to work on a rescue deal. ...
Asos: has Britain's dotcom star lost its way? image
Source : Telegraph [Read Article] Tuesday 16th of September 2014 06:54:15 AM
.... Asos was founded by Nick Robertson and Quentin Griffith in 2002 as AsSeenOnScreen and was designed to sell clothing that customers had seen on celebrities in television programmes and films . Under the guidance of Mr Robertson, the great-grandson of Austin Reed and a former advertising executive, it sales have soared towards £1bn a year and it has expanded outside the UK to the Europe, the US, Russia, and China. ...

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