Fashion chains Peacocks and Jaeger fall into administration with more than 4,700 jobs and almost 500 shops under threat
Fashion chains Peacocks and Jaeger have today fallen into administration, putting more than 4,700 jobs and almost 500 shops at risk.
Thousands of jobs have been put in peril after bosses at clothing chains Peacocks and Jaeger failed to find a buyer for the troubled businesses.
The two companies were put into administration this afternoon after a two-week deadline to find a buyer passed.
Earlier this month, a spokesperson for owner EWM Group said they had been speaking to several potential buyers who were interested in parts of the business.
Jaeger runs 76 stores and concessions and has 347 employees while Cardiff-based Peacocks has 4,369 staff across 423 stores.