Dalkeith store is saved

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The Dalkeith branch of troubled clothing chain Peacocks will not be closing.

Last month, the group, which called in the administrators KPMG in January, was bought by Langholm-based Edinburgh Woollen Mill Group.

The acquisition safeguards 6000 of the 9100 jobs across the United Kingdom. More than 330 stores will remain open, but a number of local branches will close, including Cameron Toll, Meadowbank and Musselburgh.

It is understood that the Dalkeith store, has avoided closure due to its popularity with customers.

Philip Day, chairman and chief executive of the EWM Group, said: “We look forward to working with our new colleagues to rebuild the business in what is a very tough economic environment for High Street retailers in the UK.”

He added there was a “considerable amount of work” to be undertaken in the coming months to stabilise the situation and turn the business around.

Supported in the acquisition by Barclays and Santander, Edinburgh Woollen Mill posted a turnover of more than £240million in 2009/10.

Last year, the group bought the Jane Norman chain.