Press release

Welsh Secretary welcomes Peacocks buy-out

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Responding to the news that fashion retailer Peacocks has been sold out of administration to Edinburgh Woollen Mill, Secretary of State for …

Responding to the news that fashion retailer Peacocks has been sold out of administration to Edinburgh Woollen Mill, Secretary of State for Wales Cheryl Gillan said:

“I am pleased that a buyer has been found for Peacocks. This will give the company a sustainable way forward and thousands of jobs  will be safeguarded. This buy-out signals a fresh start for the company and many of its employees, although sadly I understand there will be redundancies.

“The Government continues to focus on creating the right conditions for economic growth and I am confident that Wales remains a competitive place to do business.”