Austin Reed to Be Liquidated After Failure to Find a Buyer

  • Closure of 120 stores will lead to about 1,000 job losses
  • 116-year-old formalwear chain entered administration in April

Austin Reed will be liquidated by the end of June after administrator AlixPartners Services UK LLP received no viable offers for the British formalwear retail chain.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.