Fashion retail group austin reed has sent a strong signal that it is considering selling its underperforming country casuals womenswear business.
With the addition of austin reed which we acquired earlier this year as well as country casuals and viyella we aim to continue this organic growth while always being ready to respond to other opportunities as they arise he said. That helps us fund this is money and keep it free to use. Owners said that some 35 austin reed and country casual stores are on the rapid closure list. The austin reed group acquires classic womenswear brand cc formerly known as country casuals 2009.
The new broom at troubled austin reed today axed the retail director of its country casuals womenswear chain after disastrous sales. Chairman john robins told shareholders at the austin reed annual meeting that the group has launched a complete review of its entire business which it will report further on later in the year. Country casuals hits austin reed some links in this article may be affiliate links. 1998 the austin reed group acquired classic brand cc formerly known as country casuals richard thompson acquired chester barrie from austin reed in 2005 kosugi sangyo was the austin reed ready to wear license holder in japan with retail value of 50 million.
Some 26 country casual stores and nine austin reed stores are on a rapid closure list as part of a proposed cva. Austin reed moves from the original 103 113 regent street store to the opposite side 100 regent street a film is produced to mark the occasion. Related research articles virgin megastores is an international entertainment retailing chain founded in early 1976 by sir richard branson as a record shop on londons oxford street. Austin reed also owned the cc brand rebranded from country casuals.