Jobs at risk as Edinburgh Woollen Mill goes into administration
- Credit: Archant
Thousands of jobs are at risk after Edinburgh Woollen Mill and Ponden Home stores went into administration, placing question marks over the future of stores in Norfolk.
Closing down sale signs appeared in the window of the Edinburgh Woollen Mill store in London Street in Norwich last month and administrators FRP have confirmed that 56 Edinburgh Woollen Mill stores have now permanently closed.
The remaining 328 Edinburgh Woollen Mill stores and 65 Ponden Homes stores will keep trading, Covid-19 restrictions permitting, while a buyer is sought.
Norwich, Great Yarmouth, Dereham, Framingham Pigot (in Highways garden centre), Thetford, Lowestoft and Beccles all had Edinburgh Woollen Mill stores.
On Friday, 866 jobs were lost across the two chains and a further 1,821 jobs put at risk.
Tony Wright, joint administrator and partner at FRP, said: “Recent months have proven extremely challenging for many retailers, even those that were trading well before the pandemic, including the teams at Edinburgh Woollen Mill and Ponden Home.
You may also want to watch:
“The administrations will provide some further protection while we continue our search for buyers to secure the long-term futures for both businesses.
“Regrettably, the impact of Covid-19 on the brands’ core customer base and tighter restrictions on trading mean that the current structure of the businesses is unsustainable and has resulted in redundancies.”
- 1 Restaurant fined for refusing to close in third lockdown
- 2 Woman in her 20s among 31 Covid patients to die in five days at hospital
- 3 Roundabout memorial bid for the 'Ole Chicken Man of Bungay'
- 4 'A momentous occasion': Pharmacies to start Covid vaccinations in Suffolk
- 5 Police investigate Southwold sign swearing at visitors to stay away
- 6 'We're very anxious at the moment': Co-Op staff on public abuse
- 7 How I became Ralph Fiennes' assistant on Netflix's The Dig
- 8 Nine Norfolk flood alerts ahead of Storm Christoph
- 9 Timeline: When should you receive the coronavirus vaccine?
- 10 Voyeur watched people after setting up secret cameras in bathroom
Separately, EWM Group - owned by businessman Philip Day - has been granted a further two-week extension by the High Court to continue discussions with potential suitors for its other brands Peacocks and Jaeger.
Closing down sale signs appeared at the Peacocks and Ponden Homes stores in Dereham last month.
The retailer said last month it would go bust if it did not go into administration.
A spokesman for EWM Group said: “Over the past month we explored all possible options to save Edinburgh Woollen Mill and Ponden Home from going into administration, but unfortunately the ongoing trading conditions caused by the pandemic and lockdowns proved too much.
“In the case of Peacocks and Jaeger we are speaking to a number of parties.”