Edinburgh Woollen Mill
 |
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| Private limited company | |
| Industry | Retail |
| Founded | 1947 |
| Headquarters | Langholm, Dumfries and Galloway, Scotland |
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Area served
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United Kingdom |
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Key people
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Drew Stevenson (founder) David Stevenson (first chairman, proprietor of first retail store) Philip Day (chief executive) |
| Products | Clothing, gifts and souvenirs |
| Parent | The Edinburgh Woollen Mill (Group) Ltd |
| Subsidiaries |
Jane Norman Peacocks Ponden Home |
| Website | www |
Edinburgh Woollen Mill (EWM) is a Langholm-based retailer specialising in clothing, along with interests in homewares and destination shopping for tourists. It is wholly owned by the Dubai-based British billionaire Philip Day.
The company's core Edinburgh Woollen Mill stores have traditionally targeted men and women over the age of 40, but the business has expanded into new markets in recent years, most notably through the acquisition of value fashion retailer Peacocks in 2012.
The company was founded in 1946 by Drew Stevenson as the Langholm Dyeing and Finishing Company, dyeing wool yarn to order. His eldest son, David, until recently the chairman of the EWM Group, opened the first retail store in Randolph Place, Edinburgh, in 1970. In 1972, the first English store was opened in Carlisle.
Having been owned by several equity holdings over the previous decade the company was bought out by the newly formed EWM Group and was then subject to a secondary, management takeover in 2002, led by the current chief executive, Phillip Day.
In 2011, the group bought Jane Norman out of administration, having bought Ponden Mills, and merged it with 80 stores bought from the collapsed Rosebys home furnishings store to create Ponden Home.
On 22 February 2012, it was announced that EWM had purchased the Peacocks clothing retail brand along with 388 stores and concessions, its headquarters and logistics functions. Although over 200 stores were not acquired at this time, the chain has embarked on a programme of expansion since.
In 2016 EWM purchased the Austin Reed brand, the British fashion retailer founded in 1900,
EWM placed Jane Norman into administration in June 2014, but retained the brand and stock to sell as an online-only business.
In May 2017, it was understood that EWM had bought the Jaeger brand and debt (but not the main company, or secured the future of its 700 staff or payments to its suppliers) from it former owner, Better Capital.
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Wikipedia