Around 2,000 jobs at fashion chain Peacocks have been saved in a rescue deal by one of the chains senior executives.
Chief operating officer Steve Simpson is set to take over Peacocks, which has a store in Regent Street, with backing from an international consortium, saving 2,000 jobs and 200 stores, which he hopes to reopen once lockdown restrictions on non-essential retailers ease.
Peacocks had 400 stores going into the pandemic a year ago and announced a series of job losses and store closures as it struggled to manage under the various restrictions.
It is not yet known if the Swindon store, earmarked for closure will be saved in the buyout.
