THE crisis-hit fashion retailer Peacocks is set to cut 249 staff at its headquarters in Cardiff, administrator KPMG announced yesterday.
The administration of Peacocks, which owns 611 UK stores and employs over 9,000 staff, is one of the biggest retail failures since Woolworths collapsed in 2008.
Chris Laverty, from KPMG, said the stores will continue to trade while it seeks a buyer for the business.
The high street claimed another victim yesterday after Pumpkin Patch, the New Zealand children’s clothing retailer announced it had called in administrators Deloitte to wind up its ailing UK arm. Some 400 employees across 36 stores in the UK are at risk of losing their jobs.