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Peacocks rescue is nothing of the sort
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Peacocks stores and 2,000 jobs saved after buyer found
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Peacocks stores and 2,000 jobs saved after buyer found
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Figures show 190,000 retail roles have been axed on High Street since start of first lockdown
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The Arcadia closures are thought to include Outfit stores (Image: PA)
The Arcadia jobs cuts come less than a week after administrators for Jaeger warned 233 staff faced redundancy following the fashion brand s acquisition by Marks & Spencer (M&S).
Jaeger s 63 stores and concession will be permanently closed after they were not bought as part of the deal.
Administrators at FRP Advisory said that 22 head office staff and 211 store staff had been made redundant as a result.
Six head office staff and seven warehouse staff have been retained by the administrators to assist them in their duties.
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M&S sealed the deal to buy the brand and stock for an undisclosed amount, understood to be around £5 million.