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Philip Day (businessman)

Philip Day
Born Philip Edward Day
October 1965 (age 51)
Residence Edmond Castle, near Brampton, Cumbria, England
Nationality British
Known for CEO and owner, Edinburgh Woollen Mill
Net worth £1.05 billion (April 2016)[1]
Spouse(s) Debra Day
Children 3

Philip Edward Day (born October 1965) is a British billionaire, the CEO and owner of Edinburgh Woollen Mill (EWM).[1] Born in Stockport, he did several newspaper rounds as a boy and worked at different times for Coats Viyella, Wensum and Aquascutum before joining Edinburgh Woollen Mill and later leading a management buyout.

Early life

Philip Edward Day was born in October 1965.[2][3][4] He grew up on a council estate in Stockport, working in his parents' newsagents shop and did several newspaper rounds a day.[3]

Career

Day declined a university place to begin a business career, and worked for Coats Viyella and Wensum, before being headhunted to join Aquascutum at the age of 28. Day stayed at Aquascutum for five years eventually being promoted to joint managing director.[3]

In 2001, Day left Aquascutum and joined Edinburgh Woollen Mill, where he led a buyout backed by Rutland Fund Management, a private equity firm. In 2002, he "seized control" with Royal Bank of Scotland backing his £69 million bid to buy out Rutland.[3]

Day owns Edinburgh Woollen Mill, which in 2016 acquired the Austin Reed and Country Casuals brands, following the bankruptcy of the 116-year-old fashion retailer.[5]

As of April 2016, his net worth is £1.05 billion, according to the Sunday Times Rich List.[1]

Personal life

Edmond Castle, c. 1840–50. Drawing by Charles Greenwood or Frederick Peake.[6]

Day has been married to his wife Debra since 1987, they live in Edmond Castle, a Tudor-style house near Brampton, Cumbria, England,[3][7] built 1824 to 1829, and designed by Sir Robert Smirke.[7] Day is keen on shooting, especially pheasant and duck, and has been a director of Carlisle United, the local football club.[3]

They have two daughters and one son.[1][3] In 2016, their daughter Lauren Day joined the Edinburgh Woollen Mill Group board as group development director.[8] In 2010, their daughter Kirstie Day won Miss Cumbria; and a leaked email from EWM's head office to its stores ordered staff to vote for her to become Miss England, "I need and expect all stores to register a minimum of 10 votes today and I mean everybody!"[3]

In 2013, Day was fined £450,000, ordered to pay £457,000 in costs, and called "grossly negligent" by the judge, for clearing part of Gelt Woods, near Brampton, and a Site of Special Scientific Interest (SSSI), for a pheasant shoot.[4]

References

  1. ^ a b c d "Rich List 2016". The Sunday Times (page 37). 24 April 2016. 
  2. ^ "Edinburgh Woollen Mill Limited (The) – Officers (free information from Companies House)". Companies House. Retrieved 9 September 2016. 
  3. ^ a b c d e f g h Sarah Butler. "Knight in a comfy cardie who rescued Peacocks shows he has style | Business". The Guardian. Retrieved 22 January 2017. 
  4. ^ a b "Edinburgh Woollen Mill's Phillip Day loses woodland damage fine appeal – BBC News". Bbc.co.uk. Retrieved 22 January 2017. 
  5. ^ "Analysis: What will Philip Day do with the Austin Reed brand?". Retail-week.com. Retrieved 22 January 2017. 
  6. ^ Edmond Castle, the Seat of Thomas Henry Graham. Rostron & Edwards. Retrieved 22 January 2017.
  7. ^ a b "Edmond Castle – Visit Cumbria". Visitcumbria.com. Retrieved 22 January 2017. 
  8. ^ "Philip Day's daughter joins Edinburgh Woollen Mill Group board". Drapersonline.com. Retrieved 22 January 2017.