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Pic: Edinburgh Woollen Mill A deal recently saved collapsed UK retail company Edinburgh Woollen Mill (EWM). Two hundred and fifty stores and 1,500 jobs will be protected as a result. Retailers Edinburgh Woollen Mill, Ponden Homes and Bonmarche, owned by Philip Day’s EWM Group, will be sold to a consortium of international investors, according to a top UK English-language daily. Dubai-based businessman Day s Jaeger will be taken over by Marks & Spencer in a separate agreement. The new owner will operate under licence across both brands, saving 1,347 shop workers, 72 employees at head office and a further 34 jobs at the company s Carlisle distribution centre.