alixpartners news and archive

AlixPartners to sell 37 percent stake in SMCP

The management consulting firm AlixPartners UK announced the sale of its shares in the fashion group SMCP, parent company of the brands Sandro, Maje, Claudie Pierlot and Fursac. This stake amounts to 37 percent (28,028,163 shares) of the French group's share capital. Its a sales process that should last several months. The trustee, the financial...

Business |UPDATE Featured

Administrators unable to save Austin Reed, 1,000 jobs lost

London - The curtain has fallen for 116 year old formalwear retailer Austin Reed, as administrators failed to find a buyer to save the collapsed brand. Austin Reed is set to shut 120 stores by the end of the month resulting in the loss of 1,000 jobs. Adiministrator AlixPartners was unable to find a viable buyer to take over Austin Reed full high...

Business |UPDATE Featured

Sports Direct makes shock bid for Austin Reed

Although Mike Ashley, owner of sportswear group Sports Direct, reportedly has his sights set on taking over British Home Stores (BHS), it seems as if the billionaire has also tossed his hat in the ring for clothing retailer Austin Reed. Mike Ashley eyes up Austin Reed and BHS Last month saw both department store group BHS and Austin Reed enter...

Retail

New survey shows pressures of National Living Wage

A new survey by global business advisory firm AlixPartners of company leaders in the retail and leisure sectors has found that only 24 percent believe that the new National Living Wage will have an “overall positive impact” on their industry. The UK National Living Wage comes into effect in April and will be set at 7.20 pounds, rising to around...