EWM administrators quiet on ‘jobs saved’ claims

Want to read more?

At the start of the pandemic in March we took the decision to make online access to our news free of charge by taking down our paywall. At a time where accurate information about Covid-19 was vital to our community, this was the right decision – even though it meant a drop in our income. In order to help safeguard the future of our journalism, the time has now come to reinstate our paywall, However, rest assured that access to all Covid related news will still remain free.

To access all other news will require a subscription, as it did pre-pandemic. The good news is that for the whole of December we will be running a special discounted offer to get 3 months access for the price of one month. Thank you for supporting us during this incredibly challenging time.

We value our content and access to our full site is only available with a  subscription. Your subscription entitles you to 7-day-a-week access to our website, plus a full digital copy of that week’s paper to read on your pc/mac or mobile device.  In addition, your subscription includes access to digital archive copies from 2006 onwards.

Just want to read one issue? No problem you can subscribe for just one week (or longer if you wish).

Already a subscriber?

 

Subscribe Now

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.’