Edinburgh Woollen Mill Group appoints administrators

ANOTHER UK High Street Store is in trouble as the Edinburgh Woollen Mill Group (EWM) which has some 265 stores, (many situated in major picturesque tourist destinations around the country) has called in administrators.

The intention is to try to restructure and save the business but closure of at least 50 EWM shops with the loss of 600 jobs is expected.

The Group, controlled by Dubai based British entrepreneur Philip Day additionally owns the Peacock fast fashion chain which in turn has more than 500 outlets around the UK as well as others smaller operations, all of which could be in trouble.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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