File photo dated 16/01/12 of a branch of clothing retailer Peacocks in north London. Collapsed fashion chain Peacocks has been bought out of administration by a senior executive with backing from a consortium of international investors, saving 200 stores Collapsed fashion chain Peacocks has been saved by a senior executive with backing from an international consortium, it has been announced. Chief operating officer Steve Simpson will take over the business, saving 2,000 jobs and 200 stores, which he hopes to reopen once lockdown restrictions on non-essential retailers ease. The company had branches in Machynlleth, Newtown and Brecon among its 400 stores going into the pandemic a year ago, but the firm announced a series of job losses and closures as it struggled to manage under the various restrictions.
High street fashion firm with stores across North-East saved from collapse A HIGH street fashion firm with stores across the region has been saved from collapse - with around 2,000 jobs saved nationally. Peacocks has stores at locations including Chester-le-Street, Consett, Darlington, Seaham, Wallsend, Washington, North Shields, South Shields and Jarrow. Today, it was announced the fashion firm had been saved by a senior executive with backing from an international consortium. Chief operating officer Steve Simpson will now take over the business, saving 2,000 jobs and 200 stores, which he hopes to reopen once lockdown restrictions on non-essential retailers ease. The chain was part of retail mogul Philip Day’s Edinburgh Woollen Mill fashion empire which collapsed in November last year.