After 116 Years UK Business Decides to Sell and Displaces 1,000 Workers
Austin Reeds, the clothier, has decided to sell off 120 stores to other retailers, as reported by “Yorkshire Post” on May 31, 2016. The 116-year-old chain was founded as a tailoring business in 1900. The decision will displace 1,000 workers. Peter Saville of AlixPartners stated, “We continued running the [company] with the support of the secured creditors in […]