
Fast Retailing is making last minute preparations for the opening of its combo Uniqlo-Theory store in Regent Street, London, on Thursday. With a number of firsts, it's said to be its “most significant store to date”.
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Fast Retailing is making last minute preparations for the opening of its combo Uniqlo-Theory store in Regent Street, London, on Thursday. With a number of firsts, it's said to be its “most significant store to date”.
Some Edinburgh Woollen Mill stores could be saved with a report that the chain is about to be sold, although the potential buyer hasn’t been named.
M&S is reportedly close to a deal to buy Jaeger, which is part of Philip Day’s failed Edinburgh Woollen Mill Group. But while it’s believed to be taking on the brand and its stock, the stores aren’t part of the deal.
A Peacocks manager has made a bid for the failed company in a move that could save its 4,900 jobs and 470 stores and concessions following its November administration filing.
UK retail giant Marks & Spencer is viewing the possibility of buying three middle-market labels from the collapsed Edinburgh Woollen Mill (EWM) empire.
EWM Group’s Edinburgh Woollen Mill and Ponden Home chains went into administration at the end of last week, jeopardising thousands of jobs.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.
The company wants to delay its rescue plan to save parts of the UK business. It's expected to apply for a 10-day extension of creditor protection as lockdowns in Wales, where it has its HQ, are hampering negotiations.
Philip Day, the retail billionaire behind Edinburgh Woollen Mill, could be preparing to buy back the budget fashion chain Peacocks after an administration filing, while exiting the rest of the business.
EWM on Friday confirmed that 50 of its stores will close with the loss of 600 jobs. Most of the closures are focused on Edinburgh Woollen Mill and Peacocks with the job losses largely being shop floor workers.