Thu, 13 Nov 2014 | COMMERCIAL PROPERTY
The Austins department store and its home, a five-storey Edwardian property in Londonderry, are set to be purchased by the City Hotel Group.
The previous owner Austin & Co entered administrative receivership last week. The deal to rescue the business will preserve 55 jobs.
Brendan Duddy, the chairman of the City Hotel Group, confirmed that it is taking on the Austins building, name and brand. It has no plans to transform the building into a hotel; in fact the chairman said there was a “new business setup” under the control of the previous owners, the Hasson family.
Mr Duddy said: “We feel that Austins is an important attraction in Derry and we’re delighted to be involved in ensuring that it can stay in place.”
The new owner will endeavour to “grow that business, maintain it and keep it strong”.
The store can trace its history back to 1830 when Thomas Austin arrived in Derry and opened a drapery shop on the corner of the Diamond.
The, now 25,000 square foot, department store sells ranges of cosmetics, homeware, gifts, clothes, and Waterford Crystal items, and features the Café Mezzo and a 150-seat self-service restaurant on the top floor.
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
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