Buzz People

Peacocks saved

The collapsed fashion chain Peacocks has been bought out of administration, a move that includes transferring 2,000 jobs and 200 shops.
The number means the other half of the 400 trading at the time of the chain's collapse last November will not reopen as Peacocks.
It was previously owned by Edinburgh Woollen Mills (EWM).
The buyers are an international consortium, led by Peacocks' former chief operating officer, Steve Simpson.
He hopes to reopen the stores once non-essential retailers are allowed out of lockdown.
EWM Group is a private investment group controlled by the Day family, which is owed money by Peacocks and is supporting the consortium.

https://www.bbc.co.uk/news/business-56646761
Register Now