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Concern for Peacocks grows as one bidder remains

Concern is growing for up to 9,000 Peacocks jobs following reports there is just one remaining bidder for the value retailer.

According to The Sun, Indian apparel and textile firm S Kumars Nationwide is the last bidder with a chance to save the business, which fell into administration last month.

Edinburgh Woollen Mill was one of four bidders that were in the running but it pulled out of the process last week. Other bidders were thought to include textiles tycoon Alshair Fiyaz, who had teamed up with Danish investment fund Solstra Capital.

Meanwhile, south Wales Labour MPs spoke with Peacocks’ administrators KPMG last Friday, according to the organisers of the Save Peacocks campaign.

Labour MP for Cardiff West Kevin Brennan led the talks, reiterating pleas to a potential buyer to save jobs, keep the company’s headquarters in Wales and ensure a sound financial structure for the business.

In a 10 February letter to the Save Peacocks campaign, MP Brennan stated:  “the message we passed to the administrators as a group of South Wales Labour MPs when we had a conference call with the administrators i.e. save jobs, keep HQ in Wales, get a buyer who wants to run the company as a going concern with a sound financial structure.’

Public support for the Save Peacocks campaign has also soared. Messages to support the campaign shot from 42,000 last Friday to over 56,000 yesterday, while in-store petitions gathered over 35,000 signatures.

Two online petitions gathered 5,583 signatures and the Save Peacocks’ Facebook page clocked up 15,432 Likes.

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