Peacocks administration talks could result in three Bexley closures
PUBLISHED: 17:36 17 January 2012 | UPDATED: 18:29 17 January 2012
High Street shop Peacocks has called in the administrators over £240 million debt which could result in six shop closures across Bexley and Greenwich.
The company which employs more than 10,000 people across the UK including in branches in Eltham High Street, Erith Riverside Shopping Centre, The Broadway in Bexleyheath, Crayford Road in Crayford, Cannon Retail Park in Thamesmead and Hare Street in Woolwich, announced on Tuesday they are planning to appoint an administrator.
A spokesman said: “The board of the Peacock Group and its advisers have been discussing for some time the restructuring of the business with the group’s lenders.
“Unfortunately these talks have now concluded and no agreement has been reached. However, discussions with other potential investors are ongoing.
“To protect the business whilst discussions with such investors are progressed, the directors of the Peacock Group have filed a notice of intention to appoint an administrator.”