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Scottman
Advanced Member
United Kingdom
1758 Posts |
 Posted - 20 Jan 2012 : 17:56:43
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Perhaps they should ask the banks to take a financial haircut and only have to pay back 50% - its very fashionable I understand ...
Wonder if its worth trying on the mortgage .... |
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mb1
Advanced Member
United Kingdom
2138 Posts |
Posted - 21 Jan 2012 : 10:36:05
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| Good idea Scottman - I'm going to give that a go! |
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ian.ball
WoLFer & Moderator
United Kingdom
2786 Posts |
Posted - 23 Jan 2012 : 12:46:11
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Not good news for Peacocks today:
http://www.bbc.co.uk/news/business-16680318
I hope all the staff in Ware are kept on and I also hope the uncertainty is short lived for you, my thoughts & sympathy are with you all. |
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Speculator
Average Member
United Kingdom
348 Posts |
Posted - 24 Jan 2012 : 12:47:12
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I feel sorry for anyone who has received Peacocks Gift Vouchers for Christmas.
They are now virtually worthless. |
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mb1
Advanced Member
United Kingdom
2138 Posts |
Posted - 24 Jan 2012 : 13:11:35
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| KPMG now looking for Peacocks buyers, but according to Wall Street Journal (http://online.wsj.com/article/BT-CO-20120123-706883.html) their losses are actually around £750 million, three times what was previously reported. Note also that as the debts went through the roof last year the pay of the chief executive went up 60% to £1.8m, so he won't walk away unhappy. |
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steve
Moderator
United Kingdom
1350 Posts |
Posted - 22 Feb 2012 : 16:27:07
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| Peacocks have been bought by Edinburgh Woollen Mill, although they're still shedding 3,100 staff. |
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Speculator
Average Member
United Kingdom
348 Posts |
Posted - 22 Feb 2012 : 16:37:41
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(Reuters) - Clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks stores, in a deal which will see 6,000 jobs saved, Peacocks' administrators KPMG said on Wednesday.
The administrators said in a statement that Edinburgh Woollen Mill agreed to buy 388 stores from Cardiff-headquartered Peacocks, but the other 224 stores would be closed immediately, leading to 3,100 redundancies.
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Wareite1969
Junior Member
32 Posts |
Posted - 22 Feb 2012 : 19:10:22
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According to the BBC News Website the Ware branch is one of the stores not included in the sale and therefore closed. Another High Street store lost :(
http://www.bbc.co.uk/news/uk-wales-17128141 |
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Andy B
Moderator
New Zealand
3159 Posts |
Posted - 22 Feb 2012 : 20:05:28
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quote:
Originally posted by Wareite1969
According to the BBC News Website the Ware branch is one of the stores not included in the sale and therefore closed. Another High Street store lost :(
http://www.bbc.co.uk/news/uk-wales-17128141
The list is titled "List of Peacocks store closures" and Ware is not included in it so I am assuming they are staying open. Unless I have misinterpreted it? |
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Wareite1969
Junior Member
32 Posts |
Posted - 22 Feb 2012 : 20:13:22
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quote:
Originally posted by Andy B
quote:
Originally posted by Wareite1969
According to the BBC News Website the Ware branch is one of the stores not included in the sale and therefore closed. Another High Street store lost :(
http://www.bbc.co.uk/news/uk-wales-17128141
The list is titled "List of Peacocks store closures" and Ware is not included in it so I am assuming they are staying open. Unless I have misinterpreted it?
It is in the list headed SOUTH/S EAST/EAST ENGLAND - about half way down (next to Swanley). The list is helpfully arranged in no particular order !! |
Edited by - Wareite1969 on 22 Feb 2012 20:14:39 |
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mb1
Advanced Member
United Kingdom
2138 Posts |
Posted - 22 Feb 2012 : 20:22:36
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| So the store will close, I wonder if this means that Greggs will close too, they rent from Peacocks? |
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WickenMan
Average Member
United Kingdom
411 Posts |
Posted - 22 Feb 2012 : 22:18:51
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| Big enough for Weatherspoon's? |
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Riverside
Average Member
102 Posts |
Posted - 23 Feb 2012 : 08:35:47
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| My understanding is that Greggs is doing very well. Would they not be renting from the landlord of the site rather than Peacocks? I do not know just thinking which of course is a dangerous thing to do. |
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TIN SOLDIER
Junior Member
United Kingdom
68 Posts |
Posted - 23 Feb 2012 : 08:37:09
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| ASDA ? |
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SDArcy
Average Member
United Kingdom
280 Posts |
Posted - 23 Feb 2012 : 08:54:19
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| Palms 2? - hey, I can live in hope.... |
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mb1
Advanced Member
United Kingdom
2138 Posts |
Posted - 23 Feb 2012 : 09:58:21
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| Riverside - it was in the Mercury last week that they rent from Peacocks. It's not a financial thing with them, it's just whether the change of ownership means they get booted out. |
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Moulder
Senior Member
United Kingdom
783 Posts |
Posted - 23 Feb 2012 : 10:55:20
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quote:
Originally posted by WickenMan
Big enough for Weatherspoon's?
I would have thought so but a helleva lot of refurbishment and fitting to do. I'm plumbing for 'Iceland' myself........  |
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mb1
Advanced Member
United Kingdom
2138 Posts |
Posted - 23 Feb 2012 : 11:16:45
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| There's lots of space upstairs too, could be a big Weatherspoons!! Or a cinema with a bowling alley and a weatherspoons. |
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Topic |
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Peacocks "on the brink of administration"
Topic Locked
