Type | Private (Ltd) |
---|---|
Industry | Retail |
Founded | Liverpool, England 1934 |
Founder | Ethel Austin |
Defunct | 11 January 2013 |
Fate | Administration |
Headquarters | Knowsley, Liverpool |
Products | Clothing |
Website | www.ethelaustin.co.uk (now closed) |
Ethel Austin was an English clothing retailer. At its commercial peak it operated around three hundred stores. The company was purchased from the founding family in June 2002, the company ceased operation in January 2013, after numerous times entering administration.
The company was founded in 1934 by Ethel Austin, in the front room of her terraced house in Liverpool, helping neighbours with their knitting. This proved so successful, that within five years of going into business, she had opened three shops. The business became a well known and established chain in the North West and North Wales throughout the mid to late twentieth century. Ethel Austin herself died in January 1989, at the age of 88.[ citation needed ]
In June 2002, the Austin family sold the business to a management team backed by Lloyds Development Capital (LDC) for £55 million. In June 2004, two years later, ABN-AMRO Capital bought the business for £122.5 million. In May 2007, it was announced that the company had won the contract to supply uniforms for the event of Liverpool - European City of Culture 2008.[ citation needed ]
In November 2007, the company ran new adverts on television, which used the BodyRockers song "I Like the Way (You Move)". At this point, the company had over three hundred stores.
On 15 April 2008, Ethel Austin Ltd entered administration, managed by Menzies Corporate Restructuring. [1] The following day, it was announced that thirty three stores would be closed within three weeks, with job losses totalling 275, with an additional 181 employees made redundant at the company head office and distribution centre at Knowsley, Merseyside. 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'. [2]
On 8 February 2010, it was reported that the chain had gone into administration again. [3] On 10 February 2010, administrators announced that there would be job cuts over 496 in the company's head office and distribution depot. It was anticipated that there would also be store closures totalling 196, resulting in further job losses.
On 19 August 2011, it was revealed that Ashloch Ltd, founded by the London based former Blackwell's director Sue Townsend, had purchased the company and the sixty two remaining stores of Ethel Austin, saving over four hundred jobs. However, Ashloch was forced into administration managed by Duff & Phelps on 11 July 2012, after a landlord of a store in Manchester called in bailiffs after an unpaid rent bill, jeopardising the future of the company. [4] [5] Also in July, the brand was bought by Ricli Limited, owned by Liric owner Mike Basso. [6]
The restructuring specialist GA Europe, a subsidiary of Great American Group, acquired the debt of Ashloch and operated the stores while the company was in administration. On 30 July 2012, Liric, a firm controlled by the clothing entrepreneur Mike Basso, acquired 32 of the Ethel Austin stores from GA Europe. [7] On 11 January 2013, the company declared insolvency, and closed all of the remaining stores closed with immediate effect.
In May 2015, a new store in Runcorn was announced. [8] A clearance store also opened in Units 15 to 16a in Liverpool City Centre L1 1QE in 2016.
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
Woolworth was a listed British company that owned the High Street retail chain Woolworths. It also owned other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books.
British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products.
Somerfield was a chain of small to medium-sized supermarkets operating in the United Kingdom. The company also previously owned the Kwik Save chain of discount food stores. The company was taken over by the Co-operative Group on 2 March 2009 in a £1.57 billion deal, creating the UK's fifth-largest food retailer. The Somerfield name was replaced by the Co-operative brand in a rolling programme of store conversions ending in summer 2011.
Sunrise Records and Entertainment, trading as HMV, is a British music and entertainment retailer, currently operating exclusively in the United Kingdom.
Focus DIY was a privately owned chain of DIY stores in the United Kingdom. It served the consumer DIY market sector, and most stores had some form of garden centre.
Habitat, is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.
Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK, as well as concessions in UK department stores and several hundred franchises operated internationally.
Lewis's was a chain of British department stores that operated from 1856 to 2010. The owners of Lewis's have gone into administration many times over the years, including 1991. The first store, which opened in Liverpool city centre, became the flagship of the chain of stores operating under the Lewis's name. Several stores in the chain were bought in 1991 by the company Owen Owen and continued to operate under the Lewis's brand name for several years, but after the closure of the Manchester store in 2001, only the original Liverpool store continued to trade under the Lewis's name. This store was sold in 2007 to the Vergo Retail Ltd and closed in 2010.
T. J. Hughes, registered and styled as TJ Hughes, is a British discount department store brand which first emerged in Liverpool in 1912
Edinburgh Woollen Mill (EWM) is a Carlisle-based retailer specialising in clothing, along with interests in homewares and destination shopping for tourists. It was previously owned by the Dubai-based British billionaire Philip Day.
FreshXpress was a discount supermarket chain in the United Kingdom. It was originally formed in 2007, from the rump of the defunct Kwik Save chain, by Irish retail entrepreneur Brendan Murtagh.
USC is a clothing retailer that sells branded clothing across the United Kingdom and Ireland. The company was founded in 1989 in Edinburgh and has been owned by the Frasers Group since 2011.
Adams Kids was a children's clothing retailer, based in Paddington, London in the United Kingdom.
Barratts was a brand of high street shoe shops operating in the UK and Ireland. The Barratts shoes brand traded from 100 UK and Ireland stores.
Woolworths.co.uk was an online retail website owned by Shop Direct Group, formed in 2009 after Shop Direct bought the rights to the name and website address of the defunct high street retailer Woolworths. The online store opened on 25 June 2009, but it closed in June 2015, after six years, to be replaced by Shop Direct's existing brand Very.
Head Entertainment was an entertainment retail chain in the United Kingdom. The company was formed on 18 February 2009 when Simon Douglas, former managing director of Zavvi and business partner Les Whitfield, purchased five stores from Zavvi Entertainment Group which was placed in administration on 24 December 2008. All stores closed in early 2010 after less than a year of trading.
Sears plc was a large British-based conglomerate. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It was acquired by Philip Green in 1999.
LK Bennett is a luxury fashion brand, based in London, United Kingdom. The company sells ready-to-wear collections incorporating clothing, shoes, handbags and accessories.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. A number of notable retailers filed for bankruptcy including Ascena Retail Group, Debenhams, Arcadia Group, Brooks Brothers, GNC, J. C. Penney, Lord & Taylor and Neiman Marcus.