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Austin Reed to shutter 31 stores amid restructure

2015-01-19 14:30:00| Daily apparel & textile news and comment - from just-style.com

UK clothing retailer Austin Reed Group is to shutter 31 stores and receive a GBP3m (US$4.5m) cash injection from shareholders as part of a company voluntary arrangement (CVA) to try to return the business to profitability.

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