Oct 9, 2020
Peacocks owner on brink putting 24,000 jobs at risk
Edinburgh Woollen Mill, owner of the Peacocks and Jaeger clothing brands, said it plans to appoint administrators in an attempt to save the business. The move puts 24,000 jobs at risk amid what the company described as "Brutal" trading conditions. "Like every retailer, we have found the past seven months extremely difficult," said Edinburgh Woollen Mill chief executive Steve Simpson. Edinburgh Woollen Mill, which is owned by billionaire businessman Philip Day, has 1,100 stores for its brands which also include Bonmarché and Austin Reed. A spokesperson for FRP said: "Our team is working with the directors of a number of the Edinburgh Woollen Mill Group subsidiaries to explore all options for the future of its retail brands, including Edinburgh Woollen Mill, Jaeger, Ponden Mill, and Peacocks."
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