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Administrators acting for Edinburgh Woollen Mill (EWM) have declined to comment on newspaper reports that ‘hundreds of jobs’ might be saved.
A national newspaper, quoting an unnamed source, reported that FRP Advisory had issued sale contracts to a ‘potential buyer’ – prompting hopes of a rescue deal.
FRP Advisory is acting on behalf of four subsidiary companies – including Edinburgh Woollen Mill Limited but also Jaeger, Ponden Home, and Peacocks.
It declined to comment on the veracity of the article which has been widely republished.
It is not clear whether any ‘saved jobs’ refers directly to staff at EWM shops, or those across its sister brands.
Since the turn of the New Year, M&S has been linked with a move to buy Jaegar.
The Edinburgh Woollen Mill shop in Oban closed for good on October 26.
Neighbouring Chalmers reopened as did the unit at McCaig’s Warehouse.
However, due to the national lockdown non-essential shops have had to close again.
A notice in Chalmers states it will reopen on Monday, January 18 but subject to current government guidance at that time.
It said: ‘Our online store will remain open and we are working very closely with Hermes to ensure your parcels are delivered safely to your door.’