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Reuters
Published
Jan 17, 2012
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Peacocks files notice of intention to appoint administrator

By
Reuters
Published
Jan 17, 2012

LONDON - British discount fashion retailer Peacocks said on Monday it had filed a notice of intention to appoint an administrator after talks to restructure 240 million pounds ($368 million) of debt failed.

In a statement the firm, which trades from 611 Peacocks stores and 394 Bonmarche shops in the UK, said talks with potential investors were on-going.

A notice of intention to appoint an administrator creates a moratorium preventing any third party from commencing legal action against the company.

Peacocks also confirmed it was in exclusive talks with a potential purchaser of Bonmarche.

($1 = 0.6524 British pounds)

(Reporting by James Davey)

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