Ethel Austin


Ethel Austin

Infobox_Company
company_name = Ethel Austin Ltd
company_
company_type = Private (Ltd)
company_slogan =
foundation = Liverpool, England
location = Knowsley, Liverpool
key_people =
num_stores = 300 Stores Nationwide
num_employees = 2,800
industry = Retail
products = Clothing
revenue = £150m (2007/8)
homepage = [http://www.ethelaustin.co.uk www.ethelaustin.co.uk]

Ethel Austin is a large British clothing retailer with a UK-wide network of more than 300 stores extending from Scotland to South West England, and from Wales to the South East England.

Founded in 1934 by Ethel Austin in the front room of her terraced house in Liverpool, the company has had customer service at the very top of its list of priorities. Ethel was so good at helping neighbours with their knitting that within five years of going into business she had opened three shops.

In June 2002, the Austin family sold the business to a management team backed by Lloyds TSB Development Capital (LDC) for £55 million. Less than two years later, ABN-AMRO Capital bought the business for £122.5 million.

In mid-2007, it was announced that the company had won the contract to supply uniforms for the Liverpool - European City of Culture 2008 event. In November 2007, the company ran new adverts on British television, which used the BodyRockers song "I Like the Way (You Move)".

On 15 April, 2008, Ethel Austin Ltd went into Administration. Administrator Menzies Corporate Restructuring said it hopes to find a buyer for the company. [citeweb|url=http://news.bbc.co.uk/1/hi/business/7349294.stm|title=Job fears for Ethel Austin staff|publisher=BBC News|date=15 April, 2008|accessdate=2008-04-15]

On 16 April, 2008 it was announced that 33 stores will be closed within 3 weeks with 275 job losses. It was also announced that 181 employees had been made redundant at the company head office and distribution centre at Knowsley, Merseyside. It has since been noted that only 12 of the original 33 stores earmarked for closure are closing with the rest remaining open.

On 19 May, 2008 it was reported that Elaine McPherson, former boss of clothing chain MK One, had bought the company for an undisclosed sum, promising to return it to its 'former glory'. [citeweb|url=http://news.bbc.co.uk/1/hi/england/merseyside/7408843.stm|title= Jobs saved at Ethel Austin stores|publisher=BBC News|date=19 May, 2008|accessdate=2008-05-19]

References

External links

* [http://www.ethelaustin.co.uk/ Official Ethel Austin Website]


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