Dawnay Day, which controls £1.5bn of property assets, has taken a 7% stake in Austin Reed.
Speculation suggests Guy Naggar’s vehicle could bid for the retailer. The most obvious attraction would be Austin Reed’s property book.
Austin Reed, in effect, put itself up for sale last March.
References: Financial Times 20/02/04 page 20, page 44 (FT Markets – London), The Guardian 20/02/04 page 20 (Market forces), The Times (Broadsheet) 20/02/04 page 29, The Independent (Broadsheet) 20/02/04 page 26 (
