Reed sold the chain in 1969. By 1985, it was owned by Charles M. Leighton’s CML Group, which also owned prep icon Boston Whaler and The Nature Company. CML sold the company to Swire Pacific in 1990. It was mostly downhill after that. Reed died in 1995. It was later purchased by D.M. Management, which later became J. Jill, for just over $6 million.
Carroll Reed had a sad ending, with the company shutting it down in 1996. You can read about Mr. Reed here who was instrumental in promoting skiing in New England.
Remember the old Geiger Jackets? You can buy them vintage on Etsy.
At one time Talbots (the old one, not the one we have today) and Carroll Reed were "the" places to shop for preppy girls. Sad ending for a great brand. Seems like J Crew is headed down the same path to destruction. Love seeing the vintage pieces on Ebay and Etsy. Fun to stroll down memory lane from time-to-time isn't it?