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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ardagh Group SA | NYSE:ARD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 24.75 | 0 | 01:00:00 |
RNS Number:2708P Austin Reed Group PLC 02 September 2003 2 September 2003 AUSTIN REED GROUP PLC LAUNCH OF AUSTIN REED FLAGSHIP STORE Austin Reed Group PLC will tomorrow launch its new international brand flagship store at 103 Regent Street, London W1. The store has been totally restructured and modernised, creating a distinctive global flagship for the Austin Reed brand. New high speed glass lifts, a spectacular central atrium, new customer service initiatives and new office space have been created. Original features dating back to when the store was originally opened in 1926 have been carefully restored to ensure the heritage of the site is maintained for the future. Overall, the square footage of net retail space has increased by 15% to 32,250 sq ft (2,996 m2). The turnover contribution from the store is also anticipated to increase, through increased retail space, increased footfall, higher average spend and improved customer circulation. In addition, new product ranges have been created which are unique to the flagship store. The stunning new redeveloped store will re-establish Austin Reed at 103 Regent Street as the destination site for discerning customers. 13,000 sq ft (1,200 m2) of independent office accommodation has been created above the store as part of the redevelopment scheme, and is designed to provide additional rental income for the Group. The Grade II listed Regent Street building dates back to October 1926 when it was built for Austin Reed as London's first department store to be created specifically for men. Austin Reed was originally established in 1900 by Mr Austin Reed. The #12.3 million store and office redevelopment scheme was completed on schedule and in line with budgets. Roger Jennings, Chief Executive of Austin Reed Group plc, said: "The newly redeveloped Austin Reed international flagship store in Regent Street strengthens Austin Reed's brand proposition and reflects our confidence in the future prospects for growth for the Group in the UK, and internationally. The store itself has been transformed, and provides a new and important focal point for our customers and international licensees." Enquiries: AUSTIN REED GROUP PLC Tel: 020 7534 7703 Roger Jennings, Chief Executive www.austinreed.co.uk GAVIN ANDERSON & Co. Tel: 020 7554 1400 Deborah Walter / Charlotte Stone *** PHOTO'S AVAILABLE *** Notes to Editors * The Regent Street store, London W1 now provides the following: Lower Ground Floor: * Sporting Life, incorporating a wide range of sportswear, 9 hole putting green * The Equilibrium Beauty Salon & Barbers Shop * Austin's Bar & Cafe Ground Floor: * Reed mens smart and smart casual wear * Austin Reed womenswear, including Eveningwear, Shoes & Accessories First & Second Floors: * Austin Reed Signature mens suit collections - both Formal and Relaxed, including suits designed by Charlie Allen * Personal Tailoring Service, for Bespoke suits and shirts Third Floor: * Formalwear Hire * Private Customer Lounge & Personal Shopping Service Fourth to six floors: * Office space * Austin Reed Group PLC is a fashion retail group managing the two exclusive lifestyle brands of Austin Reed and Country Casuals. Austin Reed is a modern quality fashion brand offering men's and women's formalwear and men's casualwear ('reed') and active sportswear ('sportreed'). It has 47 stores throughout the UK and 39 concessions within department stores. The Austin Reed brand is also licensed worldwide, in the USA, Japan, Korea, the Middle East, Thailand, Indonesia, Singapore and Italy. Country Casuals is a modern classic brand for the 40+ active woman offering exclusive collections of tailoring and occasionwear. It has 64 stores and 141 concessions throughout the UK, and an additional 8 concessions in Canada launched earlier this year. Country Casuals Petite, launched in February 2001, offers a separate range for women under 5'4". * Austin Reed Group is listed on the London Stock Exchange (ARD.L). This information is provided by RNS The company news service from the London Stock Exchange END MSCGCGDCGGGGGXD
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