Austin reed also owned the cc brand rebranded from country casuals.
Chocolate pancakes with strawberries. Fashion retail group austin reed has sent a strong signal that it is considering selling its underperforming country casuals womenswear business. That helps us fund this is money and keep it free to use. Austin reed and country casuals planned store closures. 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.
And chief executive nick hollingworth warned that a shake up of. 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. Owners said that some 35 austin reed and country casual stores are on the rapid closure list. Country casuals hits austin reed some links in this article may be affiliate links.
It is seeking rent reductions of 50 on these stores. The list in full. 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. 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.