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Peacocks Administrators Agree on Deal to Save Chain and 2,000 Jobs

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

A former Edinburgh Woollen Mills Group executive has secured the approval of bankrupt Peacock’s administrator to acquire the value-priced chain, with the financial backing of international investors. The purchase price was not disclosed, and most of the backers are reportedly in Dubai, where former owner Sir Philip Day currently resides. Sky News reported on Monday…

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