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2,000 Edinburgh Woollen Mill jobs saved in rescue deal

It is thought that Purepay, the new owners, will be led by Steven Simpson - the current COO of the EWM Group

Around 2,000 jobs are to be saved at Philip Dayโ€™s Edinburgh Woollen Mill Group after international investors agreed a deal to acquire Edinburgh Woollen Mill, Ponden Homes and Bonmarche.

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