Peacocks stores under threat as chain goes into administration

PEACOCKS stores in North Wales are under threat after the chain went into administration.

Thousands of UK jobs have been put in peril after bosses at Peacocks and Jaeger failed to find a buyer for the troubled businesses.

The two companies were put into administration on Thursday afternoon after a twoweek deadline to find a buyer passed.

Peacocks has 12 stores in North Wales – including one in Holyhead – employing around 200 workers.

Earlier this month, a spokesperson for owner EWM Group said they had been speaking to several potential buyers who were interested in parts of the business. Jaeger runs 76 stores and concessions and has 347 employees while Cardiff-based Peacocks has 4,369 staff across 423 stores.

Tony Wright, joint administrator of the business from FRP Advisory, said: “Jaeger and Peacocks are attractive brands that have suffered the wellknown challenges that many retailers face at present. We are in advanced discussions with a number of parties and working hard to secure a future for both businesses.” No redundancies have been announced yet and no stores closed.