Clothing retailer Peacocks enters administration
18-01-2012, 18:41
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#1
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Clothing retailer Peacocks enters administration
http://www.bbc.co.uk/news/uk-wales-s...wales-16621080
Quote:
Clothing retailer Peacocks has gone into administration, it has been confirmed.
Staff at the company's Cardiff HQ were told of the move by chief executive Richard Kirk on Wednesday afternoon.
The firm, which has tried unsuccessfully to restructure its £240m debts, employs more than 400 in Cardiff and over 9,000 others across the UK.
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Shame.It's been a good place to buy clothing at a reasonable price and a rotten time to lose a job.
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18-01-2012, 18:46
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#2
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Never give in
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Re: Clothing retailer Peacocks enters administration
Yes it is a real shame and one wonders who will be left on the high street in a couple of years time as there are rumours of many other companies verging close to administration.
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18-01-2012, 18:46
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#3
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Shinigami & Wing
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Re: Clothing retailer Peacocks enters administration
Last couple of pairs of jeans came from there. Difficult to find jeans that i like the fit of. Size 12, low rise, skinny. 
Pity if we lose this retailer, still Next seem to survive.
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18-01-2012, 18:48
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#4
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cf.mega poser
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by heero_yuy
Pity if we lose this retailer, still Next seem to survive.
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Who's Next?
I'll get my coat 
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18-01-2012, 18:49
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#5
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by Maggy J
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yes it's a shame but i have to confess that neither my wife nor me have ever heard of them .
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18-01-2012, 18:50
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#6
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Re: Clothing retailer Peacocks enters administration
Administrators think it will be sold as a going concern - it's profitable, just can't pay back the debts accumulated due to the MBO in around 2006.
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18-01-2012, 18:54
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#7
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by danielf
Who's Next?
I'll get my coat |
I always meant to get a picture of the "arch" in the Next in Penzance. Looked just like the Holodeck. All an illusion.
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The difference between combat and sport is that in combat you bury the guy who comes in second. - Unidentified navy SEAL.
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18-01-2012, 18:54
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#8
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Never give in
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Re: Clothing retailer Peacocks enters administration
Am l correct in that Bonmarche are part of the same Peacock group and from what l hear they are close to administration as well.
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18-01-2012, 18:57
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#9
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Re: Clothing retailer Peacocks enters administration
We stopped even looking in their stores after they went up-market and upped the prices at the same time.
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18-01-2012, 18:57
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#10
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by denphone
Am l correct in that Bonmarche are part of the same Peacock group and from what l hear they are close to administration as well.
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Yep, Bonmarche was the outlet for the more mature ladies range.
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The difference between combat and sport is that in combat you bury the guy who comes in second. - Unidentified navy SEAL.
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18-01-2012, 19:25
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#11
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by Maggy J
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Reasonable prices my backside.
Maybe once upon a time, but the last couple of years they've been charging premium prices for cheap tat every time we've popped in for a look.
No wonder they're in trouble.
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18-01-2012, 19:49
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#12
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by denphone
Am l correct in that Bonmarche are part of the same Peacock group and from what l hear they are close to administration as well.
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Yes, but not in administration.
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18-01-2012, 19:54
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#13
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Re: Clothing retailer Peacocks enters administration
Quote:
Originally Posted by v0id
Reasonable prices my backside.
Maybe once upon a time, but the last couple of years they've been charging premium prices for cheap tat every time we've popped in for a look.
No wonder they're in trouble.
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Well I've got some bargains for my son in that time.. 
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19-01-2012, 09:38
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#14
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Re: Clothing retailer Peacocks enters administration
It might be sold...to Phillip Green!
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19-01-2012, 09:48
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#15
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Re: Clothing retailer Peacocks enters administration
Let's hope there's something left to sell after the administrators have been and gone.
Quote:
In a damming report published yesterday, the OFT called for a radical overhaul of regulatory regime in the industry (insolvency profession).....
..... The report also revealed that UK administrators earned £1bn in fees from every £5bn of assets realised.
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http://www.telegraph.co.uk/finance/n...istrators.html
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Last edited by Osem; 19-01-2012 at 09:52.
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