Austin Reed
This coverage examines Austin Reed’s history, strategy, and presence within the UK retail market. Reporting highlights store activity, brand relaunches, ownership changes, and developments in its product offering as it navigates the formalwear and lifestyle apparel sector. Insights are tailored for retail professionals analysing heritage brands, consumer trends, and the competitive challenges of menswear and occasionwear retail.
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Dec- 2020 -2 DecemberHigh Street
Bonmarche calls in administrators, 1,500 jobs at risk
Bonmarche has collapsed into administration for the second time this year, placing 1,500 jobs at risk. Damian Webb and Gordon Thomson of RSM have been appointed as joint administrators of the store, with the “intention to continue to trade” while options for the company were explored. In a statement the…
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Oct- 2020 -27 OctoberClothing & Shoes
EWM begins shuttering small number of stores
The Edinburgh Woollen Mill Group (EWM) has reportedly already marked a small number of stores for closure as it continues to try and secure its future amid the coronavirus pandemic. According to Drapers, EWM branded stores in Penrith, Cumbria and Dingwall in Scotland closed permanently over the weekend (24-25 October)…
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26 OctoberHigh Street
Mike Ashley considers Jaeger bid
Mike Ashley’s Frasers Group is reportedly considering the acquisition of “heritage” fashion brands Jaeger, Austin Reed and Jacques Vert from Edinburgh Woolen Mill (EWM) Group, according to The Sunday Times. Phillip Day’s retail group has struggled in recent months, shutting down 50 stores last week, as part of its administration…
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Feb- 2019 -18 FebruaryDepartment Stores
Philip Day eyes M&S and House of Fraser stores
Retail entrepreneur and Edinburgh Wooden Mill boss Philip Day is reportedly in talks to acquire a small number of Marks and Spencer and House of Fraser stores that are set to close. According to the Sunday Telegraph, Day is aiming to turn the stores into branches of his Days department…
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Aug- 2018 -9 AugustDepartment Stores
House of Fraser fate could be decided today
A decision could be made on the future of House of Fraser today as its creditors assess takeover bids made by Sports Direct’s Mike Ashley, retail tycoon Philip Day, and retail turnaround fund Alteri Investors. According to Sky News, PwC spent Wednesday (8 August) afternoon negotiating on the 169-year-old’s department…
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Jun- 2018 -4 JuneHigh Street
Poundworld sale rumoured to be edging closer
Poundworld is reportedly edging closer to a rescue deal with its owners TPG are rumoured to be finalising the terms of a sale to Alteri Investors. It was reported today that Alteri Investors, which is backed by private equity firm Apollo Management and is a former owner of Austin Reed,…
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