Bangor Mail

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.

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