Sunday, May 28, 2017

Edinburgh Woollen Mill acquires Jaeger and plan to open 50 stores

Takeover of brand that once dressed Audrey Hepburn and Marilyn Monroe part of retailer’s drive to launch Days departmental stores across the UK

Edinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-strong department store chain.

Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week.

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from Mergers and acquisitions | The Guardian http://ift.tt/2ra7wvv

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