Peacocks’ owner Edinburgh Woollen Mill teeters on brink of administration

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Edinburgh Woollen Mill, the retail group controlled by billionaire tycoon Philip Day, is poised to collapse into administration.

EWM Group, the owner of businesses and brands including Peacocks and Jaeger as well as the eponymous chain, has filed a notice of intention to appoint administrators at the High Court. The development was first reported by PA, potentially affecting 24,000 jobs.

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