NEARLY 5,000 JOBS TO BE SAVED AT PEACOCKS IF MANAGEMENT BUY-OUT GETS GO AHEAD

A management buy-out (MBO) proposal has been submitted to the administrators of fashion retailer Peacocks and if successful has the potential to prevent UK-wide store closures and save 4,908 people from redundancy.

The bid from a senior eCommerce manager at Peacocks Stores Ltd in conjunction with a private investor, follows the announcement (18 November) that Peacock's parent company EWM Group had placed the company into the hands of administrators, FRP Advisory.

Full Press Release: https://pressat.co.uk/releases/nearly-5000-jobs-to-be-saved-at-peacocks-if-management-buy-out-gets-go-ahead-1db446113c51969561333db4364fba13/