Edinburgh Woollen Mill owner eyes Warehouse, Oasis and Coast takeover

416
Philip Day

Reports have emerged that retail tycoon Philip Day is considering a bid for womenswear chains Warehouse, Oasis and Coast.

According to The Sunday Times, the owner of Edinburgh Woollen Mill Group (EWM), which includes retail chains Peacocks, Jane Norman and Edinburgh Woollen Mill itself, is reportedly looking to expand his empire.

If true, it would become Day’s latest acquisition in less than a year, after recently buying out retailers Austin Reed and Jaeger from the brink of collapse.

READ MORE: Fears of store closures grow as bids for Coast, Oasis & Warehouse begins

Warehouse, Oasis and Coast were all put up for sale last November.

Other interested parties that have expressed interest in the retailers include turnaround firm Alteri Investors and South African-based retail companies Foschini and Truworths.

Offers are reportedly between £35 million and £55 million.

Click here to sign up to Retail Gazette’s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here