Home / Knowledge / News / Apparel/Garments / Six buyers bid for collapsed apparel retailer Peacocks
Six buyers bid for collapsed apparel retailer Peacocks
Feb '12
There are six bidders lined up to purchase the collapsed apparel retail chain Peacocks, which employs about 7,500 people.

In the second round of bidding, administrators KPMG will provide these bidders access to the financial position of Peacocks. The bidders would have to reveal how many stores they are willing to procure and at what price.

The administrators will secure the best possible deal, if more than one company bids for taking up Peacocks stores. This might also result in bidders increasing their offers. On the other hand, it is also possible that there might not be any bids to proceed further.

Peacocks started in 1884 as a 'penny bazaar'. Subsequently, the business was moved to Cardiff in 1940. Then the business expanded in the 1990s and was listed on the London Stock Exchange (LSE) in 1999.

The Group then acquired retailer Bonmarche in 2002. In 2006, the company got de-listed and again became a privately-owned business. In 2008, the firm crossed the 500 stores mark.

Currently, the chain operates 563 outlets and 48 concession stores. It collapsed last month due to mounting debt, putting the jobs of 7,500 persons employed with Peacocks at stake.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search