High-Street Retailers may be suffering, but Peacock says it continues to perform strongly as shoppers switch to value products. Offering dresses, shoes and jeans for less than £20, Peacock and its subsidiary Bonmarché together operate more than 900 stores in the UK and another 76 in eastern Europe and the Middle East. The company was taken private by the American hedge funds Och-Ziff and Perry Capital in 2006 in a £420m deal. Chief executive Richard Kirk plans to open another 40 stores and create 750 new jobs by the end of 2010. Sales grew to £662m in 2008.
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