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Fears for Gateway jobs as company faces closure

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By Lewis Irons
Annan and Eskdale
Fears for Gateway jobs as company faces closure

OVER a thousand jobs are at risk after a high street brand went into administration on Tuesday.

And a number of those potential cutbacks could hit Gretna Gateway Outlet Village, as fashion retailer Austin Reed could see its doors shut.
The company, founded in 1900, currently employs 1184 staff and earlier this week global business-advisory firm AlixPartners were appointed administrators of the brand.
At this time the branch in Gretna are unable to disclose the number of jobs that are under threat there.
Joint administrator Peter Saville from AlixPartners said: “Our priority now is to work with all stakeholders and determine the optimum route forward for the business as we continue to serve customers throughout the UK and Ireland.
The London brand’s decision to appoint administrators comes a week after it was bought-over by retail specialists Alteri Investors, and follows a similar announcement by BHS on Monday.
But a failure to keep-up with its competitors has seen Austin Reed diminish in the past year.
The fashion retailer started as a tailoring business in London more than a century ago and sold its products on the transatlantic liner Queen Elizabeth.
On board, special agents and resistance fighters bought Austin Reed suits during World War Two.
Mr Saville added: “Austin Reed is a well-regarded and iconic brand and therefore we are confident that it is an attractive proposition for a range of potential buyers, as such we expect, and welcome, contact from interested third parties.”

Annan and Eskdale

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