BusinessBusiness RecoveryMore than 200 jobs go at collapsed Peacocks

More than 200 jobs go at collapsed Peacocks

KPMG administrators make nearly 250 redundancies at collapsed clothing retailer Peacocks

KPMG ADMINISTRATORS have made more than 200 redundancies at insolvent retailer Peacocks.

The fashion house appointed KPMG partners Richard Fleming, Chris Laverty, Ed Boyle and Joff Pope earlier this week.

The administrators have announced they have made 249 redundancies in the business’ head office, however, there are still 266 staff remaining.

Laverty said: “It is with regret we have made 249 redundancies at Peacocks’ head office in Cardiff, which follow a commercial review of the staffing levels of the business. No stores have been closed and will continue to operate as normal whilst we actively search for a buyer for the business.”

There are 563 stores and 48 concessions in the group. Previously administrators said there were 611 stores and 49 concessions.

A division within Peacock, Bonmarché which has about 3,800 staff, is not in administration and continues to trade.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

6m Emma Smith, Managing Editor