Peacocks store in Keynsham saved from closure
By JoannaPazucha | Thursday, February 23, 2012, 14:00
The Keynsham branch of Peacocks will remain open under a resuce plan to save the company which went into administration last month.
Peacocks in Keynsham has been saved
The shop, which moved into new High Street premises in October last year, is one of six branches in and around Bristol which has been saved. The Bedminster and Portishead stores will also stay open.
A deal has been done to rescue part of the company, which means 388 stores nationally will remain open and 6,000 jobs have been saved.
However the new owner Edinburgh Woollen Mill has made 3,100 people redundant nationally.
The Yate branch closed suddenly yesterday, with the loss of 14 jobs. Nailsea and Bradley Stoke were also shut. Sixty jobs have been lost locally at the company.
Chris Laverty, joint administrator at KPMG, said: "Today's deal ensures the continued trading of a well-known name on the high street.
"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."