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Grampian Holdings is to sell its chain of 270 Edinburgh Woollen Mill shops to Ever 1489, a new company formed by Rutland Trust, for £49m.
Grampian Holdings has sold its Glenmuir golfwear business to management, in order to focus on its Edinburgh Woollen Mill and Malcolm Group operations.
Grampian Holdings is selling its sportswear business to Finest Brands International, in order to focus on the expansion of its chain of Edinburgh Woollen Mill outlets.
Grampian Holdings is planning to open 100 Edinburgh Woollen Mill clothes shops over the next three years, and will sell off its branded leisure goods business in order to fund the expansion.