Another 24,000 retail jobs at risk as UK fashion group faces collapse

The owner of Edinburgh Woollen Mill, the Scottish heritage brand that makes Harris Tweed coats and cashmere sweaters, has warned of major job cuts as it struggles to save the business from collapse.

EWM Group, owned by retail entrepreneur Philip Day, said in a statement that it plans to appoint administrators to restructure the company, which also owns the Peacocks and Jaeger clothing brands. It is considering selling parts of the group, which employs 24,000 people.

Manolete Partners (LON:MANO) work alongside IPs from all of the “Big Four” through to one and two partner specialist insolvency and restructuring practices in the regions. Manolete finances the work of the Insolvency Practitioner and their lawyers to make optimal recoveries for the creditor estates and takes on all the risk.

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