Goldman in debt talks with Peacocks
Monday 28 November 2011
The investment bank Goldman Sachs is in talks to become the biggest shareholder in Peacoks, the debt-laden fashion chain.
Peacocks is labouring under debts of £240m and falling sales, as consumers cut back.
Goldman Sachs has significant exposure to Peacocks' debt and is a small shareholder. The Wall Street bank plans to write off some of its debt in return for a bigger stake. Peacocks, which has 550 stores, was taken private in a deal in 2006 backed by the hedge funds Och-Ziff and Perry Capital.
- 3 Alton Towers crash: Four seriously injured and 16 guests trapped as Smiler ride carriages collide
- 4 Ann Summers survey reveals the UK's favourite sex position
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...
£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...