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Edinburgh Woollen Mill in the frame to buy Peacocks

Edinburgh Woollen Mill has emerged as one of the four bidders in the running for collapsed value clothing retailer Peacocks, Drapers understands.

It is not known whether the specialist clothing retailer, which has been looking to capitalise on the abundance of property coming to market after a spate of recent retail administrations, is bidding for all or part of the 700-store strong retailer.

The group plans to open 250 high street and mall stores this year across the group.

The retailer has opened 100 stores in the last two years and now operates from around 800 stores across its brands. In 2011 it bought women’s fashion retailer Jane Norman out of administration.

Edinburgh Woollen Mill and KPMG both declined to comment.

Textile tycoon Alshair Fiyaz is also thought to be battling it out for Peacocks, after teaming up with Danish investment fund Solstra Capital. With a family fortune estimated at £3bn, Fiyaz owns Danish department store Magasin Du Nord, which he leases to Debenhams.

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