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Peacocks store in Gainsborough is saved
Peacocks, Gainsborough G120117-4
PEACOCKS fashion store in Gainsborough’s Market Place will stay open, administrators have announced today (Tuesday).
The store is one of 338 UK stores which have been saved from closure after a takeover was agreed with Edinburgh Woollen Mill.
Administrators KPMG took control of the retailer in January after it failed to restructure part of its £750 million debt.
Today’s deal means 6,000 jobs across the UK are safeguarded. But 224 Peacocks stores have ceased trading with immediate effect, with a loss of 3,100 jobs.
A spokesman for Peacocks in Gainsborough said staff had not yet been told the news, and therefore could not comment.
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Weather for Gainsborough
Thursday 24 May 2012
Today
Sunny spells
Temperature: 11 C to 23 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 10 C to 20 C
Wind Speed: 24 mph
Wind direction: East
