Closure threat looms over Glenrothes clothing store

Staff at a Glenrothes clothes shop are facing an anxious wait over their futures, reports MIKE DELANEY.

Peacock’s has gone into administration and workers at the chain’s Kingdom Centre branch are pinning their hopes of saving their livelihoods on a buyer being found for the financially-stricken company.

Hundreds of employees have already been paid off at the firm’s headquarters, but so far there have been no lay-offs at stores.

One woman, who did not want to be named, said: “As far as we know, this shop makes money, but other stores elsewhere are not doing so well.

“We have been told that they are working to get someone else to take over, but there’s a time limit.

“It’s very worrying for us, because there aren’t a lot of other jobs around.”

The discount clothing chain employs 9,000 people and has around 600 shops United-Kingdom wide, including four in Fife - the others are at Dunfermline, Kirkcaldy and Leven.

Meanwhile, customers have also been affected by the company’s plight, as its branded gift vouchers are no longer being accepted as payment for goods.

Administrators KPMG said they would be trying to keep the stores trading for as long as possible while they tried to get a new owner in place.

A spokesman added: “No stores have been closed and they will continue to operate as normal whilst we actively search for a buyer for the business.”

The company’s plight has also been raised in parliament where

MPs challenged ministers to stop the state-owned Royal Bank of Scotland from withdrawing support from Peacocks, which has been suffering from cash-flow problems.

RBS claimed it has been supportive of the company but “new investors willing to inject sufficient capital could not be found”.