PEACOCKS FALLS INTO ADMINISTRATION PUTTING ISLAND STORES AT RISK OF CLOSURE

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Clothing chain Peacocks has fallen into administration today (Thursday), meaning stores across the Isle of Wight and dozens of jobs are now at risk.

Peacocks employes 4,369 staff across 423 stores in the UK, but the entire retail operation is on a knife-edge after attempts to find a buyer failed.

Here on the Island, Peacocks has stores operating in Ryde, Newport and Shanklin.

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No redundancies have yet been announced and no store closures confirmed.

If a buyer cannot be found then it is likely stores will close. That said, joint administrators FRP Advisory say they are in advanced discussions with a number of parties and are working hard to secure a future for the business.

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Old bean

Sad news another high st shop gone

The cats fleas

Less jobs, yet more and more houses to be built here by our greedy, uncaring council with thousands of people arriving here each year soon.

What could ‘possibly’ go wrong?

Think, then vote these self serving cretins OUT.

Bing Bong

Good news,coming soon world war 3

Buck-up

One wonders just how many people now living here on our benefits, suddenly, will no longer be British when called up. We will then have more trouble from the enemy within then those on the battle field.

Best hope you are wrong.

Wars now are fought with cyber weapons, atm anyway.

Real Islander

Remember 2 weeks to flatten the curve….or more likely to destroy the economy and to flatten your lives.

Pepe

‘Tis interesting that the small business private sector is being utterly eradicated, but mega-conglomerates and the public sector get off scot-free. I wonder when the corporate/government merge will happen?

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