Austin Reed in takeover frame

British clothing retailer Austin Reed today emerged as the target of a £42m (€62m) buy-out bid from the owners of a finance and property investment firm.

Austin Reed in takeover frame
Fri, 08 Sep, 2006 - 13:28

British clothing retailer Austin Reed today emerged as the target of a £42m (€62m) buy-out bid from the owners of a finance and property investment firm.

The high street chain, also home to the Country Casuals brand now known as CC, is in the sights of major shareholders Guy Naggar and Peter Klimt who own Dawnay Day Corporate Finance.

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