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Nearly 5,000 jobs at risk as British fashion chains face closure due to COVID-19 pandemic

Shortpedia

Content Team
Image Credit: shortpedia

Nearly 5,000 jobs are at risk after the owner of British fashion chains Peacocks and Jaeger said Thursday it had failed to find a buyer for the troubled businesses, which like others in the sector are reeling from the coronavirus pandemic. The two chains, which are owned by the struggling EWM retailing empire, have been put into a form of bankruptcy protection after a two-week deadline to find a buyer passed.