Edinburgh Woollen Mill news and archive

EWM saves 800 jobs after acquiring Berwin & Berwin out of administration

London - Menswear supplier Berwin & Berwin has been saved from administration after being acquired by Edinburgh Woollen Mill Group (EWM), thereby rescuing 800 jobs. The acquisition signals EWM Group's commitment to expanding its premium menswear portfolio. The deal comes after Berwin & Berwin collapsed into administration earlier this month....

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Edinburgh Woollen Mill owners sets his sights on Oasis, Coast & Warehouse

London - Philip Day, the owner of Edinburgh Woollen Mill Group (EWM) is said to have set his sight on acquiring womenswear retailers Warehouse, Oasis and Coast as he looks to expand EWM portfolio. Day is thought to be after the three brands held by Icelandic bank Kaupthing, which were officially put up for sale last November, according to The...

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Edinburgh Woollen Mill said to be in the lead to acquire Jaeger

London - Philip Day, owner of The Edinburgh Woollen Group, is said to be in the lead to acquire struggling high street retailer Jaeger. Entrepreneur and billionaire Day, whose Group previously took over struggling menswear retailer Austin Reed, has been pegged as the mostly likely to take over Jaeger from a group of bidders which includes Harold...

Management|UPDATE

Administrators unable to save Austin Reed, 1,000 jobs lost

London - The curtain has fallen for 116 year old formalwear retailer Austin Reed, as administrators failed to find a buyer to save the collapsed brand. Austin Reed is set to shut 120 stores by the end of the month resulting in the loss of 1,000 jobs. Adiministrator AlixPartners was unable to find a viable buyer to take over Austin Reed full high...

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Bidders plot to break up Austin Reed

Buyers interested in taking over collapsed formal wear retailer Austin Reed are keen to divide up the tailor's portfolio rather than keeping it intact. The retailer entered into administration late last month a day after BHS and a week after being acquired by retail specialist Alteri Investors. The 116 year old retailer's stores network, which...