Allan Leighton could sell Peacocks fashion retailer

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.


Share this article



Latest Businesses for Sale

Precision Cutting Tools Provider
North East, UK

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

Asking Price: Offers Invited
Turnover: £685,000

LEASEHOLD


Electrical Appliance Retailer & Wholesale
Stalybridge, Manchester, UK Wide

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...

Asking Price: £260,000
Turnover: £938,603

LEASEHOLD


Furniture Manufacturing Company
Surrey, South East, UK

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...

Asking Price: £599,995
Turnover: £935,135

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
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...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources