The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Wholesale / Retail Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
469 jobs Number of planned job losses
Announcement Date
10 February 2010
Employment effect (start)
10 February 2010
Foreseen end date
Description
469 job losses have been announced as Ethel Austin and its sister company Au Naturale went into administration this week. The cuts will happen at the head office and distribution depot in Knowsley, Merseyside. The companies' administrator MCR also announced that 129 of the 429 stores would shut if they cannot find a buyer, incurring further job losses. This is the second time Ethel Austin has gone into administration in two years. No date was given by which job losses are expected to be completed.
Sources
10 February 2010: BBC Website
Citation
Eurofound (2010), Ethel Austin and Au Naturale, Bankruptcy in United Kingdom, factsheet number 70179, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70179.
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