The embattled menswear specialist is in talks with the financial advisers alixpartners to aid its high street revival according to the times.
Polenta fries. Austin reed group plc add to myft add to myft digest add this topic to your myft digest for news straight to your inbox add to myft digest. Bcm and reed financial group are independent of each other. Snapshop holds around 2300 records on all. She has been in practice for 11 years the last 3 years at bank of america na.
Austin reeds first. Registered office one tudor street london ec4y 0ah. Austin reed said that pre tax loses have ballooned to 54m from 12m the year before. Sales at the retailer which also runs the viyella and cc womens wear brands fell by 85m to 100m as.
Find a financial advisor who specializes in the area of expertise. Austin reed has reportedly sought advice from a consultancy firm on financial restructuring after shuttering 31 stores last year. The 113 year old tailor austin reed grew like for like sales by 52pc in its last financial year as the retailer fought back from a challenging period since the recession. The news comes after the company was given 10 days to find a financial rescue plan in october 2020.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Austin reed group is set to close 31 stores and receive a 3m cash injection from shareholders under a deal with creditors to rescue the tailoring brand which counts imf chief christine lagarde. Registered number 02184185 snapshop is pragmas online resource for consultancy clients for uk retail intelligence and is useful for conducting retail research observing retail trends checking financial health of uk retailers etc. Edinburgh woollen mill was at the forefront of days 1100 store retail empire including.
The latest news and updates in brought to you by the team at kxan austin. Coronavirus 4. Cathy reed is a financial advisor in austin tx.