In May, chief executive Philip Day appointed John Herring, a corporate financier, to the board of Edinburgh Woollen Mill, as the retailer prepares to expand both organically and through acquisitions. Speculation is rife that the business, which had sales of £153.6m in 2004, could float soon. The company, which sells clothing, gifts, whisky and other tourist items in 190 stores, was formed through a series of buyouts.
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