The collapsed fashion chain Peacocks has been bought out of administration, a move that includes transferring 2,000 jobs and 200 shops.
The Peacocks' management team hope that, with the support of their partners, suppliers and landlords, they will be able to reopen up to 200 stores. Peacocks had 400 stores going into the pandemic a year ago and announced a series of job losses and store closures as it struggled to manage under the various restrictions.
How many times have they gone bust
I'm pleased. Great news for the staff.
They should rename themselves Phoenix now
Or a corporate raid on the pension fund
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