June 2016

Collapse of Austin Reed – fails to find buyer

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Administrators fail to find buyers resulting in the fashion chain having to close of all their stores by the end of June.

The close would affect around 1,000 staff in 120 locations.

After the 116-year old in the business, the retailer collapsed days after BHS entered administration.

Despite several proposals being put forward, they were unable to come to a viable conclusion.

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