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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

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