THE JOBS of local workers at the Gainsborough branches of two high street chains hang in the balance after their owner said it wants to appoint an administrator.
Peacocks in Market Place, and Bonmarche on Market Street, are owned by the Peacock Group.
A spokesman said: “Talks have now concluded and no agreement has been reached. However, discussions with other potential investors are on-going. To protect the business whilst discussions with such investors are progressed, the Directors of The Peacock Group have filed a notice of Intention to Appoint an Administrator.”
They added: “The Board believes Bonmarche will be better positioned under different ownership and is in advanced and exclusive discussions with a potential purchaser. To protect the business whilst this sale process completes, we have filed a notice of Intention to Appoint an Administrator for Bonmarche too.”