Mayer Brown advises on the administration of retailer Ethel
23 July 2012
Leading global law firm Mayer Brown are advising Duff &
Phelps, the administrators of retailer Ethel Austin, which
collapsed into administration last week.
Ashley Katz, co-head of the London Restructuring,
Bankruptcy & Insolvency group at Mayer Brown, who led the
team said: "The retail sector seemed to be surviving
in its battle against tough economic conditions over the
last few months, after a flurry of administrations earlier
in the year. However, this case could well be a sign of
further distress emerging in the sector."
Mayer Brown have advised on a number of retail
administrations during the downturn having acted for the
administrators of Fenn, Wright & Manson earlier this year
and the administrators of British Bookshops and Suits You
prior to that.