| View more details on this retailer : Austin Reed |
| | | | 02/12/2014 | Drapers, Tara Hounslea - Austin Reed appoints Deloitte to review business | | | | | Austin Reed appoints Deloitte to work on strategic review | | | | | Drapers reports that Austin Reed has appointed Deloitte to work on a strategic review of the business after it made a £1.29m loss in the year to January 2014.
Darius Capital Partners, which owns Austin Reed Group, is thought to be in discussions with the auditor over a company voluntary arrangement. A CVA would allow the retailer to reduce its debts following discussions with creditors, while continuing trading.
A spokeswoman for Austin Reed said: "Austin Reed Group is currently working with Deloitte, the professional services firm, who are assisting us with a strategic review designed to maximise the opportunities for our businesses.
"No decisions have yet been taken and we are currently clearly focused on the trading opportunities ahead of us during the important Christmas period and completing the work to relaunch our websites on a new platform early next year." |
|
|