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British suit maker Austin Reed is to make a sensational return to the UK high street – less than seven months after it fell into administration, and most of its stores were closed. According to administration AlixPartners, new owner, Edinburgh Woolen Mills (EWM) will open 50 new stores in London by the end of next year. The announcement is believed to be part of a wider expansion by EWM which will see it open 200 new stores and create 2,000 jobs.

austin reed

Source : http://www.theweek.co.uk

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