Philip Day eyes empty M&S and House of Fraser stores

Edinburgh Woollen Mill
// Edinburgh Woollen Mill boss Philip Day wants to buy 10 M&S stores that have closed
// He is also eyeing up House of Fraser stores, which Mike Ashley bought out of administration
// Day currently owns retailers Austin Reed, Jaeger, Jane Norman and Peacocks

Edinburgh Woollen Mill chief executive Philip Day is reportedly hoping to place a formal bid on a small number of Marks & Spencer and House of Fraser stores which are being closed.

The retail tycoon is aiming to turn the properties into branches of his Days department store chain which he introduced in 2017, the Sunday Telegraph reported.

Day is reportedly in discussions with M&S to buy 10 of its sites, as it is halfway through a radical turnaround scheme to slash 100 of its stores to decrease its high street footprint.

He is also reportedly eyeing some of Mike Ashley’s House of Fraser stores, of which leases expire this autumn.

A spokesperson for Edinburgh Wollen Mill Group, Day’s retail company, declined to comment.

Aside from the eponymous chain and the Days department store, Day’s firm also owns Austin Reed, Jaeger, Jane Norman and Peacocks and Edinburgh Wollen Mill.

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