2005: Management Buyout
In 2005, a £400M management buyout led by Richard Kirk was agreed, supported and arranged by Echelon Capital and supported by Goldman Sachs and hedge funds including Och-Ziff and Perry Capital that own 55% of the new holding company. The company unlisted from the exchange on February 1, 2006, again becoming privately owned.
In line with the increased demand for value-for-money fashion, Peacocks began to provide high fashion women's wear, men's wear and children's wear. High street outlets were revamped and placed together with a steer towards prime locations.
Read more about this topic: Peacocks (clothing)
Famous quotes containing the word management:
“This we take it is the grand characteristic of our age. By our skill in Mechanism, it has come to pass, that in the management of external things we excel all other ages; while in whatever respects the pure moral nature, in true dignity of soul and character, we are perhaps inferior to most civilised ages.”
—Thomas Carlyle (1795–1881)