Poundland could pluck stores from stricken Peacocks
Poundland is mulling over a bid for struggling high street fashion chain Peacocks.
“We will be casting our eyes over the Peacocks estate,” Poundland chief executive Jim McCarthy told the Financial Times. “We took more ex-Woolworths stores than anyone else.”
Other interested parties could include Tesco, Asda and Morrisons. All are focused on driving growth of smaller stores.
Administrator KPMG, which was appointed a week ago, insisted it remains hopeful of finding a buyer for the chain. However, some estimates suggest that 200 stores could still be forced to close even if a buyer is found.