Home / Knowledge / News / Apparel/Garments / Peacocks employees appeal for retail chain's rescue
Peacocks employees appeal for retail chain's rescue
Feb '12
Over 9,000 employees at Peacocks, the Cardiff-based fashion retailing chain that collapsed last month, have urged administrator KPMG to save the beleaguered firm from falling prey to recession, as it struggles to find a buyer for the indebted firm.

The staff at the company, who call themselves “Peacockers”, are still in a dilemma about their future in the company. They have requested the rescuers to not to dissolve the group, and to retain its headquarters and distribution centre at Wales.

More than 27,000 people have signed an online "Save Peacocks" petition, while a Facebook page voicing the strife of the shop workers, who describe their daily struggle to sustain stock levels and ensure deliveries from suppliers, while the retailer grapples for sustenance, has won support of 15,000 people.

In a letter forwarded to KPMG, the workers voiced their helplessness as they wrote that they as citizens, taxpayers belong to average working class, with many of them being youngsters, drawing just the national minimum wage, may not get a new job for long, after losing the current one.

In event of revival of the firm, the workers also petitioned for two seats on the board for their representatives. Also, they greatly disapproved of the company's heavy liabilities, and added that no prudent retail store manager would submit to the notion that such excessive debt could be reasonably settled.

The retailer was compelled to go into administration last month after a complex debt-for-equity swap to streamline a debt pile of £240 million with 18 lenders failed. Royal Bank of Scotland backed out from supporting the deal, and the retailer failed to find new investors willing to inject further funds into the company.

Two weeks back, the administrators laid-off 249 employees at the retailer's Cardiff head office.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

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

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search