Town store is saved

By Rob George 24/02 Updated: 24/02 10:47

A TOTAL of 14 jobs at the Droitwich branch of Peacocks have been saved after the retailer was sold to Edinburgh Woollen Mill by administrators KPMG.

The St Andrews Square store is one of 338 across the UK to have been spared the axe as part of the deal which will see 6,000 jobs saved nationwide.

However 224 stores have ceased trading with immediate effect and 3,100 staff have been made redundant. The deal came after a month of uncertainty which began when Peacocks parent company failed agree a deal to restructure its multi-million pound debts in January.

Joff Pope, joint administrator and associate partner at KPMG, said: “While it is unfortunate that redundancies have been necessary, we are pleased that we have been able to preserve the majority of the business and jobs,” he said.

Popular Stories »

1 Two taken to hospital after serious Holt Heath crash

2 Developers target nearlry 300 homes at Copcut Lane

3 Cyclists enjoying canal path access

4 Exciting line-up planned for Salt Fest

5 Worcestershire Meals on Wheels service to end this month

More news »

Firefighters tackle house fire

CREWS from Droitwich tackled a blaze at a

Marina welcomes its first boats

THE FIRST boats have entered Droitwich's multi-million pound

Youngsters raise cash in memory of Charlotte

A DROITWICH mum has been left overwhelmed by

Get in step for charity Zumbathon

TWO KIND-HEARTED Droitwich sisters are holding a charity

Regional news »


Worcester Observer

Visit the Worcester Observer website for the latest.

Evesham Observer
Calling all young masterchefs......

THE OBSERVER has teamed up with the Evesham Hotel to ...

Redditch Standard
Fun fair blocked from coming into town

A FUN fair has been cancelled after council officers blocked ...

Stratford Observer
Falcon Hotel set for £6 million facelift

THE HISTORIC Falcon Hotel in the centre of Stratford is ...

Business Directory »

See your advert here »