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Jaeger’s losses have narrowed to £1.1m and parent company Edinburgh Woollen Mill Group (EWM) has hailed the premium womenswear brand’s expansion as one of its “biggest successes this year”.
Bonmarché has chosen value retailer Peacocks as its preferred bidder, which would result in 30 “underperforming and unsustainable” stores shutting by 11 December and “potential” redundancies.
Some Peacocks suppliers are owed millions of pounds in late payments from finance company Tradewind, Drapers can reveal, although the value retailer has offered to pay those affected directly.
Industry sources have questioned the future of Arcadia Group after its “henchman” David Shepherd decided to step down as chief operating officer, marking the end of the position at the business.
Mike Ashley’s Sports Direct has acquired lifestyle retailer Jack Wills for £12.8m in a pre-pack administration deal.
A trade sale to another retailer would be “the best fit” for Karen Millen, industry experts have told Drapers.
Jaeger halved its losses and expanded its store footprint in the year to 25 August 2018 – 14 months after it was bought by Edinburgh Woollen Mill (EWM) Group.
The directors of value womenswear retailer Bonmarché have implored shareholders to reject a takeover bid by Edinburgh Woollen Mill owner Philip Day.
Philip Day, owner of Edinburgh Woollen Mill Group (EWM), has decided to withdraw from the bidding process for premium womenswear retailer LK Bennett, following its collapse into administration last month.
Edinburgh Woollen Mill Group is increasing the size of its head office team, months after moving into its state-of-the-art new headquarters in Carlisle, Drapers can reveal.
Value retailer Peacocks, owned by Philip Day, is changing payment terms for suppliers.
Value retailer Peacocks has switched to bio-degradable shopping bags across all of its 500 UK stores from the start of this month.
House of Fraser supplier Edinburgh Woollen Mill Group (EWM) is pulling all its stock, including own-brand House of Fraser ranges it manufactures, out of the department stores after negotiations with its owner, Sports Direct, collapsed, Drapers can reveal.
Philip Day’s Edinburgh Woollen Mill Group (EWM) has temporarily closed its House of Fraser concessions, including Berwin & Berwin, Jaeger, Jane Norman and Calvetron Brands while discussions continue, Drapers can reveal.
The owner of Edinburgh Woollen Mill Group, Philip Day, is in talks with a group of landlords to take over several House of Fraser stores, Drapers understands.
Edinburgh Woollen Mill Group has put Jane Norman on hold to focus on its more recently acquired brands. It sees Jaeger and Austin Reed as a priority and is understood to have recently acquired Calvetron Brands.
Philip Day, the owner of Edinburgh Woollen Mill Group, has added Calvetron Brands to its portfolio, which also includes Austin Reed and Jaeger.
Philip Day, the owner of Edinburgh Woollen Mill Group, has been named as one of the potential investors in talks about a rescue deal with House of Fraser.
Edinburgh Woollen Mill Group’s (EWM) sourcing and quality director Zac Singh is leaving the business to join GymShark as sourcing director, Drapers can reveal.