The Edinburgh Woollen Mill Group has pledged to invest in Tynwald Mills and create new jobs.
It comes as the Carlisle-based retailer bought the shopping facility in St Johns earlier this week.
In a statement the group says it believes 'a careful blend of shopping and catering options in a beautiful setting is a strong draw on the island.'
The group has decades of experience improving, managing and drawing tourists to destination and historic sites which blend retail, catering and family attractions.
Road closed after crash
Worries about fire pollution in Glen Maye
UK businessman wants to hear about mobile signal at sea
Minister quizzed over new Meat Plant director
Yellow weather warning this weekend
Education boss retires
Steam Packet warns of sailing delays today
Know someone who's made a difference to their community?