Please visit for confidential help and insolvency advice or email

Wednesday, 18 July 2012

Ethel Austin in administration for the fourth time

500 jobs are at risk after Ethel Austin went into administration today following an unsuccessful attempt to sell the business. The administrators at Duff & Phelps are trading the 48 store chain while they seek a buyer. Altrincham-based Ethel Austin was bought for £1.6m by london businesswomen Sue Townsend from the administrators of Life & Style in 2011.

Ethel Austin, has suffered a "marked downturn" in the recession, according to the administrators at Duff & Phelps.

The homewares and fashion retailer has previously become insolvent three times – in 2008, 2010 and last year.

Ethel Austin has suffered from tough competition from the likes of Primark and Zara.

If you have been affected by the administration then look at our help for employees pages and help for suppliers

No comments :

Post a Comment

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at If you are a professional advisor with a troubled client, please suggest they visit or contact me as above.

Web Analytics