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Edinburgh Woollen Mill is saved in deal that will protect 1,500 jobs


Collapsed retail giant Edinburgh Woollen Mill has been saved in a deal that will protect 1,500 jobs and 250 stores.
Philip Day s Jaeger will be taken over by Marks & Spencer in a separate agreement as the deal between the retail tycoon and Middle Eastern investors is set to be finalised.
Retailers Edinburgh Woollen Mill, Ponden Homes and Bonmarche, owned by the businessman s EWM group, will be sold to a consortium of international investors, according to The Telegraph. 
Administrators at FRP confirmed 246 stores will be saved by Purepay Retail, which is controlled by former owner Day. The deal secures the future for 1,453 workers.  ....

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Are Debenhams still accepting gift cards? When is Debenhams closing?


| UPDATED: 15:08, Sat, Dec 26, 2020
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Debenhams has launched its closing down sale following going to liquidation earlier in December. The famous department store went into liquidation on December 1, putting 12,000 jobs at risk. It is one of many high street casualties caused by the coronavirus pandemic. ....

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Poundstretcher store at Hexham retail park goes up for rent


Unit 3, Valley Retail Park. Photo: RIGHTMOVE
A PROMINENT building owned by a retail giant has been put on the market.
Unit 3 Valley Retail Park, in Hexham, which is home to Poundstretcher, has been put up to rent.
The 7,515 sq. ft. premise is listed on online property market place Rightmove by Leeds-based Barker Proudlove Limited, with price on application.
The retail park is home to Homebase, Pets at Home and Majestic Wine, and if the store is to close, would join Argos, the Edinburgh Woolen Mill and Tui as casualties of Hexham high street.
Readers of the
Hexham Courant online took to social media to express their sadness at the possibility of losing the shop. ....

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