Home / Knowledge / News / Apparel/Garments / Prospects brighten for reopening of 75 Peacocks stores
Prospects brighten for reopening of 75 Peacocks stores
28
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 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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