Ethel Austin falls into administration
Value clothing retailer Ethel Austin, which opened a store in Hull less than three months ago, has gone into administration along with its sister company Au Naturale.
It is the second time in two years the group has called in administrators.
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An Ethel Austin store in King Edward Street, Hull
Geoff Bouchier, David Whitehouse and Philip Duffy, partners at MCR, have been appointed joint administrators and said the company would continue trading in administration with a view to finding a buyer for the businesses as a going concern.
However, they warned that in the current economic climate, there were no guarantees a buyer would be found.
Mr Bouchier added: "We are reviewing the financial position of the companies and are at this stage, unable to rule out store closures and redundancies."
Ethel Austin Au Naturale opened its doors in Prospect Street, Hull city centre, in November last year creating 18 jobs.
The 13,000sqft shop had been empty for 11 months following the closure of Woolworths.
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by Tony, Hull
Tuesday, February 09 2010, 8:16AM
“There he goes again, ex Liebour Councillor Pete, have you been sniffing glue Pete?
the only people who will vote for Nu-Liebour are public sector employees, immigrants and welfare claimants, all of whom are dependent on the state either for their living or their residency here.
and isn't it strange how all of the above have trebled in the twelve long years of Nu-Liebour.”
by Kev, Hull
Monday, February 08 2010, 10:21PM
“Pete the original liebour councillor! more cr@p of him!!”
by pete the original one, hull
Monday, February 08 2010, 8:10PM
“Stephen, please explain why you think there is to be a W of a recession, what evidence do you have, as for Dave criticising quantative easing, if the bank of England had not bought the Gov. Bonds to release the cash the banks are now lending, the situation would have been drastic compared to the current position.
Every just about country in the developed world fllowed Browns idea and introduced quantative easing
As for not voting, that is as daft as refusing to don a lifebelt because you do not like the colour.”
by stephen, in dave's house
Monday, February 08 2010, 6:36PM
“LOL u tool! medication! imho i think your mad! talk rubbish! do u have any friends.?”
by Dave, Hessle
Monday, February 08 2010, 5:29PM
“Well Stephen if you know these councillors you'll be able to ask them, not sure I understand the rest of your rantings, are you taking medication?”