24,000 jobs in danger as Peacocks and Jaeger owner faces collapse

EWM chief executive Steve Simpson claimed: “Like each and every retailer, we have observed the earlier 7 months extremely complicated.

“This predicament has developed worse in new months as we have experienced to deal with a sequence of wrong rumours about our payments and buying and selling which have impacted our credit history insurance.

“Traditionally, EWM has always traded with robust dollars reserves and a conservative stability sheet, but these tales, the reduction in credit history insurance, versus the backdrop of the lockdown and now this second wave of Covid-19, and all the nearby lockdowns, have made typical buying and selling not possible.

“As directors we have a responsibility to the small business, our staff, our consumers and our lenders to locate the pretty finest remedy in this brutal surroundings.

“So we have used to court today for a small breathing room to evaluate our choices ahead of transferring to

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