Buy-out plan offers glimmer of hope for Linlithgow store

A glimmer of hope has emerged for closure threatened retailer Peacocks which has a shop in Linlithgow.

Saturday, 5th December 2020, 1:37 pm
Peacocks, Linlithgow
Peacocks, Linlithgow

A management buy-out (MBO) proposal has been submitted to the administrators of the fashion retailer - and, if successful, has the potential to prevent UK-wide store closures and save almost 5000 people from redundancy.

Peacocks is based at Home Stockbridge Retail Park.

The new bid has come from a senior eCommerce manager at Peacocks Stores Ltd in conjunction with a private investor, following last month’s announcement that Peacock’s parent company, EWM Group, had placed the company into administration.

The bidders want to purchase the full company, its employees and stores, and also promise to strengthen Peacocks digital offering.

Peacocks Stores Ltd- based in Cardiff - employs 4,908 staff and has 470 stores and concessions across the UK.

A representative from the MBO said it was confident that with the right investment, it can chieve a quick return to financial sustainability.

Thank you for reading this article on our free-to-read website. We're more reliant on your support than ever as the shift in consumer habits brought about by Coronavirus impacts our advertisers.

Please consider purchasing a subscription to our print newspaper to help fund our trusted, fact-checked journalism.