Uncertain future for Congleton fashion chain staff after administration announcement
By Tom Avery
27th Nov 2020 | Local News
Congleton's hard-hit High Street could face another jobs blow after fashion chains Peacocks and Jaeger announced they were entering administration
Staff at the Duke Street branch of Peacocks face an uncertain future after the news which has put more than 4,700 jobs across both brands owned by the EWM Group at risk.
The parent group, controlled by retail billionaire Philip Day, says the latest lockdown had hampered efforts to find a buyer.
There have been no announcements on redundancies or store closures yet and EWM says it is still talking to potential buyers.
"In recent weeks we have had constructive discussions with a number of potential buyers for Peacocks and Jaeger," EWM Group said in a statement.
"But the continuing deterioration of the retail sector due to the impact of the pandemic and second lockdown have made this process longer and more complex."
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