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Ethel Austin and Au Naturale to close a further 81 stores
Archived article dated Thursday March 18th 2010
MCR, the administrators of value clothing retailer Ethel Austin and its sister company Au Naturale, has confirmed that a further 81 stores will cease to trade in the next 3 to 4 weeks. This follows the closure of 124 stores last month.
Most of the 81 stores will cease trading by the end of March and a total of 696 positions are likely to be made redundant.
There has also been a further 56 redundancies announced today at the Head Offices in Knowsley.
Geoff Bouchier, joint administrator and Partner of MCR, stated: “It is a difficult retail climate and until such time as any sale of the businesses can be completed, cost cutting measures need to be taken to allow the businesses to trade on in the short term.”
“There are still opportunities for a purchaser of the businesses to come forward,” Geoff added.
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