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.
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
04
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
04
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
04
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
29
|
Jun
|
Walgreens Boots Alliance ditches UK business sale | BUSINESS SALE
US pharmacy company, Walgreens Boots Alliance has ditched th...
19
|
Oct
|
EG Group’s £750m Asda forecourts acquisition collapses | BUSINESS NEWS
EG Group has announced that its planned £750 million a...
16
|
Jun
|
Competition watchdog approves sale of Asda petrol stations | DIVISION SALE
The UK competition regulator has accepted an offer from pros...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.