Edinburgh Woollen Mill owner Philip Day warns of significant job losses at struggling retailerPhilip Day has warned of significant job losses at Bonmarché as the Edinburgh Woollen Mill owner bought out the private equity backer Sun Capital to take control of the struggling fashion chain.On Tuesday, Day’s Dubai-based acquisition vehicle Spectre revealed it had paid £3m for 52.4% of Bonmarché’s shares at 11.445p each and offered to buy out remaining shareholders at the same price, valuing the business at £5.7m. Continue reading…
Via: Jobs at risk at fashion chain Bonmarché as billionaire buys control
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