BREAKING NEWS: Austin Reed in Stratford to close

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Austin Reed at the corner of High Street and Wood Street.

AUSTIN REED’S store in Stratford-upon-Avon is to close by the end of June.

The nationwide clothing retailer went into administration in April and today (Tuesday) it was announced that all 120 stores would close by the end of June with the loss of over 1,000 jobs.

When the Herald telephoned the Austin Reed store on the corner of Wood Street and High Street, Stratford, the shop manager did not wish to comment and hung up.

Peter Saville, of administrators Alix Partners Services UK, said: “We have explored all options to sell the business since our appointment and continued to trade the business with the support of the secured creditors in what is clearly an extremely challenging retail environment.

“Despite a significant number of interested parties coming forward during this period it became clear as the process progressed that a viable solution which kept the business whole was not forthcoming.

“As a result we have made the difficult decision to cease trading the business and commence a wind-down of the estate. We would like to take this opportunity to thank all employees for their support and efforts.”

 

  • noway

    don’t think I have brought an item of clothing from a shop in a long time, why bother when its is so much cheaper online!!

  • wicked messenger

    a sad day. this store is a landmark. I supported it, as often as I could afford to. feel so sorry for the excellent staff.

  • Simon

    I can’t say I have shopped there often, but a pity to see it close, and very sorry for those who have worked there.

  • richard

    Alix partners what awful leeches, just like KPMG and the ilk.