Search

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.”


If you value what this story gives you, please consider supporting the Bexley Times. Click the link in the yellow box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Bexley Times