Business & Investment

Mike Ashley set up to “lose” on Peacock’s contract

Peacock is set to be snapped by one of the original bosses of the move that hinders Mike Ashley’s hijacking efforts

Peacocks is a move that thwarts Mike Ashley’s hijacking efforts and is set to snap by one of his former bosses.

Budget clothing chains have been on sale since they began management in November.

It was part of Philip Day’s retail empire, including Jaeger.

Missing: Sports Direct tycoon Mike Ashley is keen to buy a Peacocks chain with over 500 shops.

Former Day Operations Chief Steve Simpson is discussing deals with Peacocks landlords and suppliers, according to The Sunday Times.

Sports Direct tycoon Ashley was keen to buy a chain with over 500 shops.

Simpson has set up a Day-backed group called Purepay Retail to buy two other brands, Edinburgh Woolen Mill and Bonmarche.

Bidder is keen to resolve the acquisition of Peacock before the non-essential retailers reopen on April 12.

Peacocks was founded in 1884 and was purchased by the Day’s Edinburgh Woolen Mill Group in 2012.

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Mike Ashley set up to “lose” on Peacock’s contract

https://www.dailymail.co.uk/money/markets/article-9435245/Mike-Ashley-set-lose-Peacocks-deal.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Mike Ashley set up to “lose” on Peacock’s contract

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