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Edinburgh Woollen Mill rescue deal saves 2,500 jobs and 300 stores

By Joanna Partridge

Purepay acquires all of chains’ remaining stock, head office site and distribution centre in Carlisle

The high street retailers Edinburgh Woollen Mill, Ponden Home and Bonmarché have been bought out of administration in a rescue deal, which will save almost 2,500 jobs and 300 stores.

The chains, part of the Edinburgh Woollen Mill Group controlled by the billionaire Philip Day, collapsed last year as Covid-19 restrictions led to financial difficulties.

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Via:: https://www.theguardian.com/business/2021/jan/12/edinburgh-woollen-mill-bonmarche-ponden-home-rescue-deal-saves-2500-jobs-300-stores