One buyer left in race to salvage Peacocks

THIRTEEN staff at Stranraer’s collapsed retailer Peacocks are facing further uncertainty after it was reported that only one company remains in the race to salvage the national chain.

The firm collapsed under a debt mountain last month in the biggest retail failure since Woolworths.

Indian textile and clothing giant S Kumars Nationwide (SKNL) is understood to be the only remaining suitor for the business after interest from bid rivals Edinburgh Woollen Mill and Pakistani clothing giant Alshair Fiyaz faded.

It has been reported that retailers including Poundland and Tesco are eyeing up parts of the store portfolio in the event a buyer for all or part of the struggling chain is not found.

KPMG has already announced 249 redundancies from Peacocks head office in Cardiff.