Peacocks stores back in business as buyout saves 2,000 jobs

She added that there were parallels with Sir Philip Green’s Arcadia chain, whose star outlet was Top Shop: “Like Arcadia Group, Peacocks former owner, Edinburgh Woollen Mill, struggled with the accelerated shift to digital brought on by the pandemic. It was another sprawling retail empire which collapsed, with former rivals picking over the spoils.”

Recent Posts

My Money: ‘I had forgotten how it all adds up’

Whilst the weather forecast looks poor, the good news is our long-awaited campervan is due to arrive on Thursday. Whilst I say campervan - it's yet to be converted. Luckily, Duncan converted our previous VW, which we sold earlier in the year to help fund this new one....

read more

Car production hit by ‘pingdemic’ and global chip shortage

Demand isn't the problem. The bulk of UK-built cars are sold overseas, and manufacturers say there's plenty of appetite for them. But two issues, both linked to the pandemic, have got in the way of the recovery: the global semiconductor shortage and the shortage of...

read more

‘We lost our life savings in a cryptocurrency scam’

Martin Lewis, who founded the charity, said: "The UK is facing an epidemic of scam adverts. Our advertising rules were set up to police soap manufacturers making false cleanliness claims, not to tackle sophisticated, psychologically adept, digital organised crime,...

read more