Philip Day Considers Sale of Retail Empire After Interest From Buyers

Philip Day’s retail empire could be broken up after the tycoon launched a review of high street chains including Peacocks and the Edinburgh Woollen Mill following a number of unsolicited offers, the Financial Times reported. Mr Day, who has made a fortune by buying and restructuring distressed retail businesses, has received interest from potential bidders for all or part of value fashion chain Peacocks and his collection of “heritage brands”, which includes Jaeger, Austin Reed and Jacques Vert. According to people familiar with the talks, FRP Advisory has been appointed to assess the value of those businesses as well as Edinburgh Woollen Mill, the brand whose acquisition in 2001 marked Mr Day’s arrival as a significant player in the sector. Read more