Peacocks goes into administration

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Clothing chain Peacocks fell into administration tonight (Wednesday) - putting some 9,600 jobs at risk.

Professional services firm KPMG said it had been appointed administrator to Peacocks, which owns 611 stores – including one in Hemel Hempstead’s Riverside Shopping Centre – and 49 concessions across the UK, as well as its parent company The Peacock Group.

KPMG said all Peacocks stores remain open as it seeks to find a buyer for the business and no redundancies have been made.

Meanwhile, KPMG said Bonmarche, also owned by The Peacock Group, which employs 3,800 staff and operates some 394 stores, has not entered administration and a buyer is being sought for the business.

Bonmarche filed a notice of intention to appoint administrators on Monday but this allows 10 working days before the appointment of administrators.