The Echo reports that:
Three Peacocks stores in south Essex are shutting down with the loss of 45 jobs.
The stores in Basildon, Grays and Lakeside will be closing imminently.
There will be 12 redundancies at Basildon, 12 at Grays and 21 at Lakeside.
Edinburgh Woollen Mill, which is one of the UK?s largest high street chains, has taken over the failing chain.
The deal struck has protected around 6,000 jobs in the UK.
A sad day for the workers in those three stores. But thankfully no mention of the Rayleigh store.
The Independent sets the national picture:
More than 3,000 jobs were lost today after ailing fashion chain Peacocks was sold out of administration.
The deal with Edinburgh Woollen Mill will save 388 shops and more than 6,000 jobs but administrators from KPMG said it had been forced to close 224 stores with immediate effect, leading to 3,100 redundancies.
Chris Laverty, joint administrator at KPMG, said: “Today’s deal ensures the continued trading of a well-known name on the high street.
“While it is unfortunate that redundancies have been necessary, we are pleased that we have been able to preserve the majority of the business and jobs”
Peacocks is an older business than you might think: