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Peacocks attracts six bids

Peacocks administrator KPMG has received six bids to buy the business, or parts of it, out of administration, Drapers has learned.

KPMG is expecting to receive second offers by Monday February 6, it is understood.

The number of submitted bids receieved by the January 30 deadline is lower than the 10 parties KPMG had been in “serious discussions” with since the value fashion retailer went bust on January 17.

It was reported on Thursday that private equity firms KKR and Opcapita were still in the running to buy Peacocks. Sun European, the private equity firm that bought Peacocks’ sister chain Bonmarché, was also thought to be in discussions with KPMG, as was Edinburgh Woollen Mill.

KPMG declined to comment.

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