Ilford’s Peacocks fashion store to close despite buy-out
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.
You may also want to watch:
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.”
- 1 Police appeal to find girl, 12, last seen in Wanstead Park
- 2 Primary schools in Redbridge rated outstanding by Ofsted
- 3 Man charged with Ilford robbery
- 4 Seven Kings man charged in connection with alleged sex assault on boy
- 5 East London road and rail disruptions to travel this weekend
- 6 Walk-in Covid vaccinations on offer at Valentines Park health fair
- 7 Ilford mother 'could have been saved' and NHS 'failed' her, family tells inquest
- 8 Man wanted for allegedly driving 'recklessly' in Ilford with baby in car
- 9 Update: Man charged in connection with alleged sex assault
- 10 Plans for retail park development move step closer