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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]
Chancellor Rishi Sunak announces an expansion of the Job Support Scheme that will see the Treasury pay two thirds of the wages of employees whose firms are forced to close because of COVID-19 restrictions. [390] Edinburgh Woollen Mill, owner of the Peacocks and Jaeger clothing brands, announces plans to appoint an administrator after poor ...
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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Get the complete list of Macy's stores closing in 2021, along with information about the department store chain's three-year plan to close 125 locations in total. ... Even before the coronavirus ...