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Retail entrepreneur Philip Day backs deal to keep Peacocks afloat

Management buyout of collapsed fashion chain will save 2,000 jobs and about half the stores ....

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Mike Ashley's Frasers Group calls for inquiry into Peacocks sale

Mike Ashley’s Frasers Group calls for inquiry into Peacocks sale
Sarah Butler
© Provided by The Guardian
Photograph: Simon Newman/Reuters
Mike Ashley’s Frasers Group is to ask MPs to investigate the handling of the sale of Peacocks after the fashion chain was sold to a group backed by former owner Philip Day.
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Ashley, who controls Sports Direct and House of Fraser, lost out in his attempt to buy Peacocks after multimillionaire Daybacked a management-led deal to keep his Peacocks fashion chain afloat – saving 2,000 jobs and just under half of the chain’s 423 stores.
The deal comes after more than 200 Peacocks stores closed with the loss of more than 2,000 jobs when the chain called in administrators in November last year. ....

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