Monday, 8 February 2010

Ethel Austen and Au Naturale in administration - job losses likely

Ethel Austin the clothing retailer and its sister homewear company Au Naturale have gone into administration.
Although the 276 stores will continue to trade as a bidder is sought, it is feared that some or possibly all of the 3,700 people employed by the company will lose there jobs.
Further details from the administrator can be found here:
As Carl Malways mentioned in his previous article about the outlook for retail sales February is likely to be the start of a weak and uncertain period for retailers.  If you would like to read the article it can be found here:

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