The news follows Monday’s announcement that BHS was in the hands of administrators, putting up to 60 jobs at the company’s King Street store at risk, and 11,000 jobs nationwide.
It is understood that about six people would lose their jobs if the Island’s Austin Reed shop, in Halkett Street, closed.
Global business advisory firm AlixPartners has been appointed administrator to the menswear group – which has 100 stores and 50 concessions – and it will continue to trade while AlixPartners seeks a rescue deal for the business.
