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Two British retail giants went bankrupt

Peacocks and Jaeger, one of Britain's leading retail chains, went bankrupt.

NEWS IN ENGLISH 21.11.2020, 15:03 21.11.2020, 15:05 ALP ERMIYA
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Two British retail giants went bankrupt
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Peacocks and Jaeger, one of Britain's leading retail chains, went bankrupt.

In a statement made by Edinburgh Woolen Mill (EWM) Group, which is affiliated with famous clothing retail chains, it was announced that the companies were declared bankrupt due to the lack of buyers for both companies.

Both retail chains have a total of 500 stores and 4,750 employees across the UK.

“We have been holding constructive negotiations with a number of potential buyers for the sale of Peacocks and Jaeger chains in recent weeks,” the group said in a statement. However, the continuing disruption in the retail sector due to the epidemic and the second quarantine caused the negotiations to become longer and more complex. " statements were included.

In England, where the most deaths from the Kovid-19 epidemic were seen in Europe, the quarantine application was started on November 5, while all businesses except markets and pharmacies where basic products were sold were closed, going to the streets was limited.

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