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Peacocks, Jaeger in Bankruptcy But Still in Talks With Buyers

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Unable to close deals with potential buyers before the expiration of a standstill agreement, Peacocks and Jaeger on Thursday fell into administration, the equivalent of a U.S. bankruptcy. Parent company Edinburgh Woollen Mill Group (EWM) last month filed a notice of intent to appoint administrators, then sought an extension to secure a rescue package to…

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