Home / Knowledge / News / Apparel/Garments / Peacocks plans expansion, despite owners settling for sale
Peacocks plans expansion, despite owners settling for sale
Jun '10
Planned review has been started for Peacocks, a British discount fashion chain, which might eventually lead to its sale. However, advisory banks for sale of this fashion chain, has yet not been appointed.

As of now, 600 million pounds ($874 million) is the estimated value of Peacocks. While US investment bank, Goldman Sachs, owns 10 percent of the business, US hedge funds, Och-Ziff and Perry Capital own about 25 percent of the business. The buzz is that, the firm is now looking forward to realize this investment.

However, one of the senior officials from the firm has announced, quite firmly that, he will not do away with his share of 30 percent and will continue to remain in the business as he was interested to carry forward the business. The remaining 10 percent is owned by Peacocks' management.

Under its Peacocks and Bonmarche brands, Peacocks owns more than 900 shops in UK and 76 others in Eastern Europe and Middle East. The firm floated on the stock market in 1999 and was bought over by the above mentioned private hedge fund companies in 2006 for a 420 million pound deal.

Peacocks sale in year-to-date had been outstanding and the escalation in the UK like-for-like sales was in high single digit percentages.

Currently, the firm is in negotiations with their franchise partners based in Russia, Poland and Ukraine, for developing collaborations, so as to give the firm a diversified exposure in to the rapidly budding region.

More number of Peacocks stores is also planned for Malaysia, Croatia, Serbia, Egypt and possibly Australia.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search