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An April analysis by estate agent Knight Frank forecast a 38% drop in house sales, equivalent to over half a million transactions, due to the effects of the coronavirus lockdown, reducing government revenues through a £4.4bn fall in stamp duty and a £1.6bn cut in VAT revenue. [63]
The Edinburgh Woollen Mill acquired Ponden Mill (later Ponden Homes) in January 2008, Peacocks in February 2012, and Bonmarché in April 2019. [3] [4] [5] The retailer also owned Jane Norman, before closing it in May 2018. [6] In April 2021, Peacocks was moved to a separate sister company. [7]
On 28 June 2011, in a pre pack deal, the brand and thirty three stores were sold to Edinburgh Woollen Mill. [4] The company went into administration again on 26 June 2014. [ 5 ] It was purchased out of administration by The Edinburgh Woollen Mill , which then operated the brand as an in store concession and online retailer.
On 6 April 2021, it was announced that Peacocks had been brought out of administration by a senior executive backed by an international consortium of investors, called Green Spark Holdings Limited. The Edinburgh Woollen Mill Group's chief operating officer Steve Simpson will take over the business, saving 2000 jobs and 200 stores. [12]
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A series of key coronavirus relief measures is set to expire soon even as much of the U.S. is still suffering deeply because of the pandemic. Perhaps most crucial are expanded unemployment ...
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