Peacocks could be put back on the block with £600m tag

FASHION CHAIN Peacocks could be put up for sale, after its owners commissioned a review of the retailer’s options.

It is understood the retailer could secure a price-tag of £600m if put on the market, handing its US hedge fund owners a neat multi-million pound windfall.

Peacocks’ management is currently reviewing the company’s operations, including the possibility of a sale, sources close to the firm said last night.

A spokesperson for the group said Peacocks was not on the market at the moment, however it is thought that owners Och-Ziff and Perry Capital are each looking to cash in on their investment.

Och-Ziff and Perry own around 25 per cent of Peacocks a piece, while Goldman Sachs owns roughly 10 per cent.

Peacocks, which de-listed in 2006 after a £400m management buyout, benefited from a bumper period leading up to Christmas last year when store sales rose by a staggering 17 per cent in December.

The firm put part of the rise in sales down to a range of dresses designed by Pearl Lowe.