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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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