alixpartners news and archive

Administrators unable to save Austin Reed, 1,000 jobs lost

London - The curtain has fallen for 116 year old formalwear retailer Austin Reed, as administrators failed to find a buyer to save the collapsed brand. Austin Reed is set to shut 120 stores by the end of the month resulting in the loss of 1,000 jobs. Adiministrator AlixPartners was unable to find a viable buyer to take over Austin Reed full high...

Management|UPDATE

Sports Direct makes shock bid for Austin Reed

Although Mike Ashley, owner of sportswear group Sports Direct, reportedly has his sights set on taking over British Home Stores (BHS), it seems as if the billionaire has also tossed his hat in the ring for clothing retailer Austin Reed. Mike Ashley eyes up Austin Reed and BHS Last month saw both department store group BHS and Austin Reed enter...