The Independent

Edinburgh Woollen Mill: Nearly 900 jobs lost as two brands enter administration

The Independent logo The Independent 6/11/2020 18:15:37 Andy Gregory
a close up of a sign © Provided by The Independent

Some 866 jobs have been lost and hundreds more are under threat after Edinburgh Woollen Mill and Ponden Hill collapsed into administration.

A total of 64 stores will remain permanently closed whilst remaining outlets continue to trade as administrators seek a buyer.

Separately, bosses at Jaeger and Peacocks - which are both owned by Edinburgh Woollen Mill - have been granted another extension by the High Court to avoid administration, to allow for a possible rescue deal to be secured with circling suitors.

More follows.

vendredi 6 novembre 2020 20:15:37 Categories: The Independent

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