Buyers Showing Strong Interest For Peacock's, KPMG Says

Law360, New York (January 26, 2012, 6:37 PM EST) -- KPMG LLP administrators for bankrupt clothing retailer Peacock’s Stores Ltd. and its affiliates announced on Thursday that they have received strong interest from potential buyers, including private equity firms, in recent days.

In an update to the sales process, the administrators said they had over 100 conversations in the first 48 hours of being appointed to their roles last week with parties looking to acquire either the whole business or parts of the business. Estimates of how much the U.K.-based retailer could sell for and the...
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