Home / Knowledge / News / Apparel/Garments / Prospects brighten for reopening of 75 Peacocks stores
Prospects brighten for reopening of 75 Peacocks stores
Feb '12
Prospects for revival of Peacocks clothing chain are getting better as Langholm-based Edinburgh Woollen Mill (EWM) is mulling a bid on buying another 75 Peacocks outlets which it can re-open, pursuant to the plans to re-establish the chain to its previous glorious position.

A few days back EWM owner, Philip Day, brought 338 Peacocks outlets out of administration and saved 6,000 jobs. However, around 3,100 jobs were lost due to closure of another 224 outlets.

At that time, Day said he is considering a proposal to buy some more closed outlets. Now it has transpired that around 75 outlets could be re-started if EWM successfully strikes a rent deal with the property-owners.

If the deal materializes, it could prove to be a major lift, particularly for the Scottish part of the business, as otherwise only 15 of the 45 Peacocks outlets in the north form a part of Day's rescue deal.

The EWM owner said that over a period of five years, he would like to reinstate the Peacocks chain at a level even higher than it was prior to slipping under administration. Moreover, he also voiced plans for global expansion and overhauling web presence of the brand.

In 2002, Day procured EWM in a management buy-in at a price of £67.5 million, following which now alongside his family business he also owns the company. Next, he procured home furnishings chain Ponden Mill and linen shop Roseby's and merged them to create Ponden Home in 2010.

Not stopping at this, in June 2011 he purchased fashion chain Jane Norman out of administration, but could not succeed in striking a deal to acquire outdoor clothing and equipment retailer Blacks.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


news category

Related Categories:
June 2017

June 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