Town shop faces closure

ANOTHER Nottingham Road shop could face closure after retailer Peacocks announced it has gone into administration.

The move was made after talks broke down with the group’s lenders.

A spokesman for the high street chain said: “Unfortunately talks have now concluded and no agreement has been reached.

“However, discussions with other potential investors are on-going.

“To protect the business whilst discussions with such investors are progressed, the Directors of The Peacock Group have filed a notice of intention to appoint an administrator.”

The firm has performed well over recent years but has not managed to clear debts following an earlier management take over.