Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / MBO proposed for EWM retailer Peacocks

MBO proposed for EWM retailer Peacocks

Mon, 07 Dec 2020 | MBO/MBI



A management buyout (MBO) bid has been submitted for Edinburgh Woollen Mill Group (EWM) retailer Peacocks by EWM’s head of ecommerce Josh Lowes. Peacocks went into administration last month alongside fellow EWM retailer Jaeger and is one of several EWM brands that is seeking a buyer.

The group has been hit hard by the impact of COVID-19 on the UK high street, warning in October that it was close to collapse. Since then, several of its stores have gone into administration. Buyers are being sought for brands including Peacocks, Jaeger, Edinburgh Woollen Mill, Ponden Home and, most recently, Bonmarche.

The MBO proposal was submitted to administrator FRP Advisory by Lowes in conjunction with private investor Phoenix Wales.

The bid aims to acquire the full company, including all 470 UK stores and concessions, and would aim to improve its digital offering and “rejuvenate the in-store experience”. The proposal also stated that, if successful, Cardiff-based Peacocks would keep its base in South Wales.

A representative for the MBO said: “The MBO is confident that with the right investment, they can drive forward innovation, bring about brand recovery and achieve a quick return to financial sustainability”

“With plans for short-term investment coupled with longer term reinvestment, they propose injecting a fresh sense of purpose into Peacocks, safeguarding its future in spite of the ongoing challenges high street retailers across the UK are facing.”

EWM Group CEO and owner Philip Day appointed FRP in September to sound out potential buyers for the retailer. However, potential investment has been jeopardised by accusations from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) regarding unpaid bills.

In its most recent financial reports, for the 27-week period to March 2 2019, Peacocks reported turnover of £192,.4 million, down from £564 million in the period to August 25 2018. Its gross profit was £31 million, down from £98 million, with total profits of £17 million, down from £53.4 million.

At the time, the retailer’s fixed assets were valued at £19.8 million, with current assets of £214 million and net assets coming to £164 million. At the time, Peacocks’ creditors were owed £7.8 million.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Premium Gardening Supplies Online Retailer
UK Wide

Well-established business operating for over eight years. Specialises in the online sale of both own-brand and leading brands of gardening and horticultural supplies across the UK. Enviable client base comprising a number of long-standing relationshi...

Asking Price: Offers Invited
Turnover: £9,000,000

RELOCATABLE


Local Post Office & Convenience Store
London, UK

This is a well established and well used local post office situated in a densely populated area of East London. The area surrounding the business is extremely busy through the week and weekends due to the travel links and leisure facilities close by.

Asking Price: Offers Invited
Turnover: £660,000

LEASEHOLD


Online Retailer Of Roof Windows & Lights
UK Wide

Offers an extensive selection of quality products, including pitched and flat roof windows, composite and uPVC windows and doors, and roofing products. Works with leading manufacturers to supply premium, branded products, many of which are exclusive...

Asking Price: Offers Invited
Turnover: £10,600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

 
19
 
Jan
 

Injection moulding business sold out of administration to employees | BUSINESS SALE

Conwy-based injection moulding company A2B Plastics Limited ...

 
18
 
Jan
 

AFH Financial Group ready to return to acquisition trail in 2021 | BUSINESS NEWS

In its yearly report to October 2020, wealth manager and adv...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

 
07
 
Jan
 

Leicestershire country house hotel seeks investment after falling into administration | ADMINISTRATION

Country house hotel Hothorpe Hall in Theddingworth, south Le...

 
02
 
Dec
 

Bonmarché falls into administration | ADMINISTRATION

Fashion retailer Bonmarché has fallen into administra...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.