Town shop faces closure

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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.