Question marks remain over Royston’s Peacocks store
QUESTIONS over the future of Royston’s Peacocks store remain after the chain this week went into administration.
Peacocks Group’s chief executive Richard Kirk said: “It is with deep sadness that we have been left with no other option but to place the business in administration.”
The Peacocks Group, which employs a combined 11,000 staff, said it made the decision after discussions with lenders over debts of �240 million had broken down.
The company said no stores would be closing yet, and that it was still seeking a buyer.
Bonmarche, a stablemate of Peacocks, has been sold and the buyer will close 160 of 394 shops.
You may also want to watch:
About 1,300 jobs are expected to be axed.
- 1 Teen arrested in connection with sexual assault investigation
- 2 Power cut affects nearly 9,000 homes and businesses
- 3 Storm Christoph: Prepare for flooding in South Cambs
- 4 COVID-19 deaths across Hertfordshire hit new milestone
- 5 Wildlife photographer's lockdown calendar raises money for those in need
- 6 Families of care home residents worry about vaccine roll-out delays
- 7 Man who spent Christmas alone in intensive care proposes to girlfriend
- 8 Granta surgeries deliver COVID-19 vaccinations
- 9 Closing the New QEII at night permanently still to be considered
- 10 Fraudster jailed after £60,000 shopping spree