Could Peacocks be saved?

Adrian Holliday

There's an outside chance that troubled clothes chain Peacocks could be rescued. Nine thousand jobs and more than 550 stores across the UK are at stake.

KPMG administrators are anticipating an offer from Pakistani textile tycoon Alshair Fiyaz who has teamed with Danish investment operator Solstra Capital Partners. But whether Fiyaz would want all the Peacocks' assets is uncertain.