Thu, 28 Apr 2011 | BUSINESS SALE
Allan Leighton, former CEO of Asda and former non-executive chairman of the Royal Mail, is understood to be in discussions to take on the role of chairman for Peacocks. The news is fuelling rumours that the discount retailer may be preparing the business for sale.
The value fashion chain was put on the market in April last year, but no buyers were willing to meet the £600 million asking price.
Its Bonmarché business, which targets mature women shoppers, was put up for sale in March. Private equity group Duke Street Capital is said to be in talks to buy the 380-store business.
Mr Leighton is on the board of several retailers including Selfridges, Pandora and last month became chairman of Entertainment Magpie, the online used music and games retailer.
Richard Kirk, co-owner and chief executive of Peacocks said, “We have had a good start to the year and are looking to recruit a new chairman as we take the company to the next stage.”
Peacocks sells discount fashion ware to women in the 25 to 45-age range from over 500 stores in the UK. Accounts for the year to 3rd April 2010 show a rise in Peacock’s earnings before interest repayments, tax and accounting changes from £64 million to £77 million.
Operates across a diverse range of sectors, with no reliance on any key client accounts. Skilled workforce with extensive expertise within the sector. Operates from leasehold premises in North East England. Offers invited
LEASEHOLD
The business for sale is a family owned, electrical appliance retailer and wholesaler based in Stalybridge, Greater Manchester. This business sells a wide range of freestanding and integrated kitchen and home appliances from washers, dryers, sinks, k...
LEASEHOLD
Now available to the market is this brilliant furniture manufacturing company in the south of England. Trading since 1996, this family run business has been supplying high quality wardrobes complete with sliding or hinged doors, with the ability to m...
LEASEHOLD
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
|
05
|
|
Dec
|
MBO at Bolton-based delivery comparison firm | MBO/MBI
Bolton-based parcel delivery price comparison company Parcel...
Sign up to receive our acquisition alert emails to get your FREE guide
|
04
|
|
Sep
|
E-commerce company acquires beauty product manufacturer | BUSINESS SALE
In a deal valued at roughly £60 million, online retail...
|
20
|
|
Feb
|
Electronics specialist Maplin searches for buyer | BUSINESS SALE
Electronics retailer Maplin is reportedly in crisis talks wi...
|
24
|
|
Aug
|
Photo-Me snaps up Asda's photo business | DIVISION SALE
Photo-Me International, the instant photo equipment group, i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources