THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Ethel Austin in administration

3,700 jobs could be at risk after discount clothing retailer Ethel Austin and sister homewares chain Au Naturale called in administrators.


Ethel Austin in administration

3,700 jobs could be at risk after discount clothing retailer Ethel Austin and sister homewares chain Au Naturale called in administrators.

Geoff Bouchier, David Whitehouse and Philip Duffy, Partners at MCR have been appointed Joint Administrators of Ethel Austin Limited and Au Naturale Limited

Ethel Austin is one of Britain's value clothing retailers with a nationwide network of nearly 300 stores extending from Scotland to the South West, and from Wales to the South East. The business was established more than 70 years ago and has grown to become one of Britain’s leading value clothing retailers with a national presence.

The company’s Head Office is at Knowsley on Merseyside, only 10 miles away from where the business was founded by Ethel Austin herself. Its sister company is the Au Naturale homewares chain.

Geoff Bouchier, Partner, MCR, stated: “The Joint Administrators are trading the Companies in Administration in the short term with a view to finding a purchaser for the businesses as a going concern. In the current economic climate there are no guarantees that purchasers will be found. We are reviewing the financial position of the Companies and are at this stage, unable to rule out store closures and redundancies.”

There is no doubt in our mind that the onset of the global economic crisis has hit the retail sector particularly hard. As a consequence of this the Companies have struggled to secure funders, which in turn has impacted their ability to generate sales revenue.

This has been compounded by poor trading conditions in January attributed to the adverse weather conditions, which severely restricted the Companies’ cash flow. The Companies have continued to seek additional finance up until very recently but without success,” added Geoff.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy