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Peacocks in administration

Fashion retailer Peacocks has entered administration.

Richard Fleming, Chris Laverty, Ed Boyle and Joff Pope, partners at KPMG have been appointed joint-administrators and are actively seeking a buyer for it as a going concern.

The Peacocks business operates about 611 stores and 49 concessions across Wales, Northern Ireland, Scotland, and England and employs approximately 9,600 staff. 

A division within Peacock, Bonmarché, which has about 3,800 staff, is not in administration and continues to trade.