|
|
Article: Ethel Austin crisis as store chain collapses; Hundreds of jobs under threat as famous Mersey name goes into administration.(News)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- April 16, 2008
CopyrightCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: BY BILL GLEESON Daily Post Business Editor
MERSEYSIDE-BASED retail chain Ethel Austin collapsed into administration yesterday, raising fears for the jobs of thousands of staff.
Joint administrators Philip Duffy and David Whitehouse, appointed yesterday morning, told head office staff in Knowsley that they hoped to sell the business as a going concern, but also warned redundancies were inevitable.
The discount retailer, founded in Anfield in 1934, has 300 stores throughout the UK, from Scotland to the South West and South East of England.
The latest annual turnover for the company is pounds 150m and it employs around 2,800 ...