(Title Image: RVW Consulting)
Administrators of the Cardiff-based clothing retailer, Peacocks, have received a management buy-out proposal, involving a mix of current management and a private investor (Phoenix Retail).
Peacocks’ parent company, Edinburgh Woollen Mill, entered administration last month.
The proposal, if accepted, would include a buy out of the company, its employees and stores, with a pledge to improve Peacocks’ online presence.
At the moment, stores continue to run as a going concern, though a buy-out could protect up to 5,000 jobs and 470 stores around the UK. The company would also continue to be headquartered in Cardiff.
