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'Business as usual' for troubled retailer

Wednesday, 18 January 2012 09:33

The future of clothing retailer Peacocks in the Isle of Man remains unclear after the company said it intends to call in the administrators.

The board of the Peacock Group and its advisers are in talks over £240 million of debts, after failing to restructure the business.

Discussions with other potential investors are continuing, and in the meantime the company says it's business as usual at all its stores.

Peacocks has two outlets in Douglas, at Shoprite in Victoria Road and in the Strand Shopping Centre.

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