Buy-out plan offers glimmer of hope for Linlithgow store

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.

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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.

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