Question marks remain over Royston’s Peacocks store
Published:
2:47 PM January 25, 2012
Updated:
3:42 PM November 1, 2020
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.
Most Read
- 1 'Father' found guilty of murdering his teenage daughter
- 2 Pupils celebrate all things Roald Dahl with 'Whoopsy Whiffling' day
- 3 Kevin’s powerful testimony challenges us to #DoTheRightThing
- 4 RAF Red Arrows and Typhoon dazzle crowds at Duxford Summer Air Show
- 5 Royston Museum finally set to reopen to families
- 6 'A day none of us will forget' - Princess Anne visits Lister Hospital
- 7 Wildlife enthusiast wins photographic society's 'print of the year'
- 8 Bassingbourn Barracks: New chapter for Army’s flagship operational training centre
- 9 Person dies after being struck by train in Cambridge
- 10 Constituency boundary review - have you had your say?
