Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

215 jobs
Number of planned job losses
Job loss
Announcement Date
21 January 2013
Employment effect (start)
21 January 2013
Foreseen end date

Description

Retail chain Ethel Austin has announced that it has closed and made all 215 staff redundant.  The troubled retailer went into administration in 2008, 2010 and 2011. The current owner had bought the chain out of administration only in 2012.

Whilst some stores were saved on previous occasions, the administrator has confirmed that all remaining stores will now close.


Sources

  • 21 January 2013: Insider Media

Citation

Eurofound (2013), Ethel Austin, Bankruptcy in United Kingdom, factsheet number 74827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74827.