Ilford’s Peacocks fashion store to close despite buy-out
PUBLISHED: 09:43 23 February 2012
The Ilford branch of fashion store Peacocks is to close, with a number of redundancies expected to be made.
A deal with Edinburgh Woollen Mill has bought the retailer out of administration, but more than 250 shops are closing.
The shop in High Road, Ilford is among those, but it is not clear at this stage how many people the store employs.
A further 338 stores, 57 concessions, three distribution centres and the head office have been saved, securing around 6,000 jobs.
Peacocks went into adminsitration in January.
Philip Day, chairman and chief executive of the Edinburgh Woollen Mill Group Peacocks, said: “We do hope that there will be scope to save more jobs and stores from those being forced to close now due to performance issues and overhead pressures.
“As you can imagine, there will be a considerable amount of work to undertake over the next few months to stabilise the situation, turn this business around, get the supply chain moving again and excite the customers with great products.”
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