Administrators close 81 Ethel Austin stores
More than 700 people to be made redundant at insolvent clothing retailer
Administrators, MCR, is closing 81 stores at clothing retailer Ethel Austin
and sister company Au Naturale over the next three to four weeks, making a total
of 696 positions redundant.
The news comes just a month after administrators announced 114 stores were
closing and 1,000 employees were made redundant.
Geoff Bouchier, joint administrator and partner at MCR, said: “It is a
difficult retail climate and until such time as any sale of the businesses can
be completed, cost cutting measures need to be taken to allow the businesses to
trade on in the short term.”
Bouchier also confirmed a further 56 redundancies were being made at the
clothing retailers head office in Knowsley.
Ethel Austin and its sister company, prior to administration, employed
approximately 3,700 staff and had around 300 stores.
This is the second administration at the company in three years with MCR
appointed administrators in February this year.
Further reading:
MCR
administrators close Ethel Austin
MRC
administrators cut over 400 staff at Ethel Austin
Ethel
Austin back in administration