peacocks is a fashion retail chain based in cardiff , wales .

the chain is a part of the group edinburgh woollen mill , and employs over 6,000 people .

there are currently over 400 peacocks retail outlets located in the united kingdom ; and more than 200 stores located in twelve other countries throughout europe .

originally selling home goods and basic clothing , peacocks has been re branded over the years as a value fashion store .

richard kirk , the former owner of the chain , worked hard to transform peacocks into a major fashion player .

the retailer won numerous awards , notably the best value retailer award from drapers .

in january 2012 , peacocks entered administration and was bought by the edinburgh woollen mill group .

edinburgh group also owns the jane norman chain , a fashion outlet for women .

peacocks ( clothing )

clothing chain peacocks fell into administration , putting some 9 , 600 jobs at risk .
clothing chain peacocks has fallen into administration - putting some 9 , 600 jobs at risk .
clothing chain peacocks is reportedly on the brink of administration as talks with its lenders deteriorated .
ask a question about working or interviewing at peacocks clothing . our community is ready to answer .
clothing retailer peacocks has entered administration after attempts by the company to restructure its £240 million debts finally failed .
the company that bought the clothing store chain peacocks out of administration has set out plans to resume international expansion .
how many buy clothing item ' s from primark or peacocks & why , because of quality or the price .
cardiff clothing retailer still runs half its stores after rescue by edinburgh woollen mill .
this principle continues today bringing great value fashionable clothing for men , women and children .
budget clothing chain peacock agreed to a management buyout today valuing the firm at £404 . 4m .
peacocks , the clothing retailer , could be placed into administration as early as monday after talks with banks about a possible debt “haircut” appeared to have reached an impasse .
for further information on peacocks , peacocks kids or the edinburgh woollen mill garden centres , please contact keith mcintyre at first franchise .
in a business selling relatively cheap clothing where there are tight profit margins , the banks could not see a way where peacocks could get close to paying off this debt .
around 400 staff work at the cardiff headquarters , which has been the clothing group ' s base for 72 years .
albert frank peacock founded the company in warrington , cheshire in 1884 ; a true victorian penny bazaar selling anything and everything . his founding principle of value helped peacocks develop a . . . clothing store
the owners of clothing chain peacocks , which has 500 stores and owns the bonmarche chain , will kick off a search for potential buyers next month , valuing the business at an estimated £600 million .
( l - r ) betty lowe , daisy lowe and pearl lowe attend as pearl lowe launches her latest clothing range for peacocks at mayfair hotel on november 10 , 2011 in london , england .
leeds’ merrion centre has expanded its fashion offering with the opening of the popular women’s clothing store , select , creating 10 jobs .
“peacocks brings a different dimension to the garden centres clothing offer because the ranges cover men , women and children’s wear fashion and our customers are amazed by the quality and value for money we offer . peacocks gives a garden centre a comprehensive and credible clothing department which will rival any high street retailer and when coupled with the edinburgh woollen mill brand , we cater for every age bracket . we are proud to say that edinburgh woollen mill was the first clothing company to recognise the unique qualities of a garden centre appeal and with our level of experience within this market we are very confident that peacocks will be just as successful . ”
' daisy lowe for peacocks’ follows five sell - out lined designed by pearl .
retail experts say ewm has saved peacocks by going
back to basics
.
peacocks has 550 branches and employs around 10 , 000 staff . photograph : alamy
pearl lowe for peacocks floral lace hem dress , £30 . not online yet .
our peacocks kids clothing ranges are from 2 to 14 years old as well as a bespoke baby range from 0 to 24 months . with garden centres installing children’s activities and looking to appeal to the next generation of gardeners , we believe peacocks kids is the ideal concession to complement that initiative .
a spokeswoman for peacocks said : ' the popularity of this dress has been amazing .
the retailer peacocks is the biggest company in wales to have collapsed in recent years .
the context is important here , in 2005 peacocks was a plc and expanding strongly .
the first peacocks shop opened in northern england in 1884 . the company now has more than 700 stores in the uk including the peacocks chain , the bonmarche and fragrance shop businesses .
save pearl lowe peacocks to get e - mail alerts and updates on your ebay feed .
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peacocks , with 611 stores and 49 concessions across britain , had employed 9 , 100 people .
at the time of the management buyout in 2006 , peacocks owed £150m pounds in pik notes .
bon marche , the 200 - shop retailer which is part of the peacocks group , is understood to be close to being sold , but there is uncertainty around the remaining 550 peacocks stores .
edinburgh , which beat off indian textile and clothing giant s kumars nationwide , said it would attempt to save some of the stores and jobs being lost today .
peacocks is an exceptionally strong brand , with instant consumer recognition . the company would like to meet all garden centre owners who want to introduce a comprehensive men’s , women’s and children’s clothing offer to their sites , which is backed by highly professional and efficient support structure .
the announcement was made by kpmg , joint administrators of peacocks , who were called in in january .
) and select , improves the merrion centre’s fashion offering which already includes the popular peacocks and shoezone .
the owner of peacocks said on monday that it planned the move after discussions with lenders broke down .
mrs gillan replied : ' i have the greatest of sympathy , i have shopped in peacocks myself and i know how many jobs depend on peacocks . i think it is important we explore every possibility .
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his founding principle of value helped peacocks develop a successful business that continued to grow throughout the twentieth century .
peacocks was founded 130 years ago by albert peacock in 1884 ; a penny bazaar selling anything and everything . the founding principle of value helped peacocks develop a successful business that continued to grow throughout the twentieth century .
but the reality is that peacocks was brought down by the deal that allowed a management buyout in 2006 .
more than 3 , 000 jobs were lost today after ailing fashion chain peacocks was sold out of administration .
jane hotz , womenswear buying director for peacocks , added : ' this season is all about value and it ' s heartening to see that celebrities are embracing the air of austerity by choosing pearl lowe for peacocks . '
although it is understood bon marché , the 200 - shop retailer which is part of the peacocks group , is likely to be sold as early as this week , the future for peacocks itself remains far less positive .
a source close to peacocks said the sour trading environment was only adding to peacocks’ problems , with the bankers involved less keen to continue to fund the business given the casualties elsewhere . a spokesman for kpmg declined to comment .
kpmg had already announced 249 redundancies from peacocks head office in cardiff . combined with the 1 , 400 job losses at bonmarche , the total number of jobs lost in the failure of peacocks is now about 4 , 750 .
the company started trading in 1884 with the founding principle of ‘great value’ . peacocks is still governed by that same principle today , and the business offers its customers exceptional value for money across every department . their stores are bright and fresh and the stunning shop fits enhance the brand and the clothing collections .
mr day the acquisition would give further depth to the group ' s range of trading profiles and assert its position as one of the uk ' s leading high street fashion and clothing retailers .
while pearl lowe has been successfully designing for peacocks , daughter daisy was content to be the face of the campaign .
thousands of shop workers tonight faced the prospect of losing their jobs after high street fashion chain peacocks went into administration .
professional services firm kpmg has been appointed administrator to peacocks - owned by hedge funds och - ziff and perry capital .
. . . uk’s largest womenswear value retailer with over 300 stores , we pride ourselves on offering clothing with appropriate styling designed with the more mature figure in mind , along with outstanding . . .
i think i like primark the best . as i think they have a wider range of clothing . as for prices there about the same . but some of the stuff are of poor quality tho .
clothing business with branches in wisbech and spalding . the business was founded by george goddard ( robert ' s grandfather ) in 1895 . robert goddard still offers the same high standards of customer . . .
mr pope said like many other retailers , peacocks suffered from a decline in consumer spending due to the tough economic conditions .
i ' m a guardian reporter keen to speak to peacocks workers # savepeacocks please get in touch steven . morris @ urltoken
edinburgh woollen mill has focused on the basic lines , the sort of classic things you would associate with peacocks .
the debts became too much for peacocks which went into administration last week after talks on restructuring part of the debt collapsed .
the reason peacocks ' debt rose so much was because of part of its borrowings called payment in kind or pik notes .
uk employment minister chris grayling told bbc radio wales that he hoped peacocks could be sold as a
going concern
.
peacocks has stores in acomb , employing ten people , clifton moor , employing 14 people and selby , employing 13 people .
we have found that the majority of garden centres prefer an experienced clothing retailer to replace their own clothing department to make sure it’s serviced and maintained properly to a high standard , and that all seasonal changes are completed on time , basically taking away the hassle factor of clothing so that they can concentrate their efforts on what they do best . we pay exceptional rents for long leases , and the agreements are underwritten by the biggest clothing brands in the uk . we are working with garden centre specialists first franchise to find suitable opportunities within the garden centres , and they want to hear from any owner or director that is interested in our brands . our management team and in - house shop - fitters have a wealth of experience and once an agreement has been made we could be trading within an 8 to 10 week period . ”
first minister carwyn jones said he welcomed the fact that peacocks would still have a future and employ a large number of people .
peacocks is owned by the edinburgh woollen mill and the group recently announced an intention to open 20 more peacocks concessions in garden centres , an investment of over £4m . steve simpson , the groups managing director who is overseeing the drive for new stores commented ;
kpmg said all peacocks stores remain open as it seeks to find a buyer for the business and no redundancies have been made .
peacocks collapsed under a debt mountain last month in the biggest retail failure since woolworths , placing 7 , 500 jobs in jeopardy .
kpmg has today made 249 redundancies at peacocks head office in cardiff but to date no store closures or redundancies have been announced .
alistair wardell , an insolvency expert at grant thornton , said the deal by edinburgh woollen mill had provided a positive outcome for peacocks .
chicago style : the free library . s . v . management buyout deal for peacocks . .
retrieved jul 09 2018 from urltoken
. . . products added daily , alujo continues to increase its selection of designer mens and ladies clothing from the world ' leading brands including firetrap , lacoste , ted baker , miss sixty and many more . . . .
during the following years peacocks continued to establish itself as a value - for - money retailer . from the mid 1990s onward peacocks experienced significant development and growth and a greater emphasis on fashion , which helped to propel the brand to even greater success in today ' s market .
people should be ashamed for hurling abuse at peacocks staff as they can ' t refund due to administration . they may lose jobs . # savepeacocks
the firm currently has more than 700 stores across the uk , comprising more than 400 peacocks stores , 350 bonmarche stores and 35 fragrance shops .
mla style :
management buyout deal for peacocks . .
the free library . 2005 birmingham post & mail ltd 09 jul . 2018 urltoken
the peacocks business operates around 611 stores and 49 concessions across wales , northern ireland , scotland , and england and employs approximately 9 , 600 .
a spokesman for barclays said :
this is not the end for peacocks , there is a viable business here and our support continues
.
although it is understood bon marché is likely to be sold as early as this week , the future for peacocks itself remains far less positive .
edinburgh woollen mill , which has 380 stores , will keep the cardiff headquarters of peacocks but kpmg said 16 jobs will go in the city .
peacocks announced its first design collaboration with daisy who will launch her collection of retro inspired beachwear , which she will also model for , this summer .
peacocks is 100 % privately owned , debt free and its trading covenant is given the highest rating by dun & bradstreet . peacocks is an international brand with 94 stores in russia , 70 in the middle east , 35 in the ukraine , and shops in malta , gibraltar , cyprus , greece and malaysia .
peacock group , the clothing retailer in talks to be bought by its chief executive for £404 million , credited store refurbishment as it defied the high street downturn with like - for - like sales growth of 4 . 4 per cent for the first half .
bought by the edinburgh woolen mill group in 2012 , the head office is located in cardiff , south wales . peacocks currently has 460 stores across the uk , with 50 new stores opening this year . peacocks also has a number of stores internationally , currently in malta , greece , cyprus , gibraltar and malaysia .
but she decided to collaborate with peacocks earlier this year after receiving requests from ordinary women who couldn ' t afford the expensive price tags of her designer collection .
fashion retailer peacocks has been sold out of administration to edinburgh woollen mill , saving 6 , 000 jobs , but 3 , 100 staff will be made redundant .
peacocks chief executive richard kirk is expected to lodge a rescue offer for the stricken fashion chain which has said it is going into administration after restructuring talks failed .
but such an exit will not help the fate of peacocks , which was taken private by the hedge funds and goldman sachs in 2006 in a £420m deal .
welsh secretary cheryl gillan pledged today to work to protect the ' many jobs ' at troubled retailer peacocks but warned she would not make early or false promises .
apa style : management buyout deal for peacocks . . ( n . d . ) > the free library . ( 2014 ) . retrieved jul 09 2018 from urltoken
the current batch of administrations on the high street is a reminder of the huge uncertainty that surrounded the future of the cardiff - based retailer peacocks exactly a year ago .
cardiff - based peacock - which owns the peacocks , bonmarche and fragrance shop chains - said earlier this month that it was performing well despite the tough retail trading climate .
if peacocks were to be placed into administration , it is expected a large number of the shops could be closed , even if a willing buyer were to be found .
peacocks can trace its history back to warrington , in cheshire , in 1884 when albert frank peacock founded peacock ' s penny bazaar . it moved to cardiff in 1940 .
this is devastating news for the workers at peacocks and for the south wales economy and it ' s potentially further grim news for high streets across the uk .
peacocks , which owns 611 stores and 49 concessions across the uk , has been boosted by the success of a collaboration with the singer - turned - fashion designer pearl lowe .
explains : “we were delighted to work with select in finding a store which matches their requirements and are really pleased to be able to offer our customers an improved fashion line up , which will be strengthened once more when the extension to the morrsions store opens incorporating the children’s nutmeg clothing range .
check out our hottest new in collection today . combining the latest seasons colour trends , tailoring and cutting edge styling , we ' ve got a collection of brand new women ' s clothing and styles to help you make a statement this season . wrap up warm with peacocks and our collection of the latest styles for fashionable women . shop online today to get your hands on our newest trends including coats , knitwear , denim jeans , dresses and more that are new in this season
professional services firm kpmg said it had been appointed administrator to peacocks , which owns 611 stores and 49 concessions across the uk , as well as its parent company the peacock group .
daisy lowe has hit headlines recently for becoming playboy ' s new cover girl , but she decided to cover up to model for her mother pearl ' s new collection for peacocks .
created by singer turned fashion designer pearl lowe , the black polyester and lace frock is being sold at budget retailer peacocks , and has become this season ' s unlikely wardrobe must have .
cardiff based peacocks is celebrating its 130th year and the company has just opened its first concessions within two leading garden centres , highfield garden centre , gloucester and woodlands garden centre in leicester .
however , after the announcement was made , a spokesman for barclays said :
this is not the end for peacocks , there is a viable business here and our support continues .
the administration of peacocks is one of the biggest since administrators were appointed to woolworths in december 2008 , leading to several tranches of closures which left 27 , 000 employees out of work .
the key issue at peacocks is reportedly related to whether its banks , led by barclays and royal bank of scotland , were willing to take a loss on the debt they are owed .
the problem with peacocks has always been thought to relate to its escalating £577m borrowings , rather than any issue with trading . as a result , many retail experts had hoped a deal could be struck between lenders and management to keep the company alive . some elements of peacocks borrowings came with rates of 17 % , though the bill for this interest was deferred for several years .
i will shop in primark over peacocks . as for quality i find primark is fine . i ' ve spent a lot more money on stuff before that lasts no where near as long .
professional services firm kpmg said on wednesday it had been appointed administrator to peacocks , which owns 611 stores and 49 concessions across the uk , as well as its parent company the peacock group .
as the sunday telegraph reported last march , peacocks group initially tried to sell bon marché , appointing dc advisory partners to offload the business , which caters for women over the age of 45 .
a series of complex talks between cardiff - based peacocks and equity and debt holders have delivered no solutions , the sunday telegraph said , leaving the future of the company hanging in the balance .
the peacocks group is owned by hedge funds och - ziff and perry capital , but the debt holders are now effectively in control of its fortunes as a result of poor sales and trading losses .
labour mp kevin brennan ( cardiff west ) asked : ' rbs are blaming a lack of investors for their decision to pull the plug on a deal to save peacocks , threatening thousands of jobs .
' it is significant that many fashion editors , who usually turn up to fashion weeks wearing established designers , such as chanel or marc jacobs , chose this year to wear a £35 dress from peacocks .
mr laverty , joint administrator and restructuring partner at kpmg , said :
like many retailers peacocks has suffered from tough economic conditions , which have seen its customers reduce their spending on the high street .
chris laverty , joint administrator and restructuring partner at kpmg , said :
like many retailers peacocks has suffered from tough economic conditions , which have seen its customers reduce their spending on the high street .
chris laverty , joint administrator and restructuring partner at kpmg , said : ' like many retailers peacocks has suffered from tough economic conditions , which have seen its customers reduce their spending on the high street .
ross jones the groups acquisitions manager explained . “the minimum space we require depends on the location within the garden centre . our shop fit teams survey every site and the store layouts are designed to ensure we maximise the sales potential of our area . one of the most important departments in peacocks is our children’s wear collection “peacocks kids” , which has been developed with the garden centre customer in mind . peacocks kids can be operated as a stand - alone department in the right circumstances , for example it works well next to an already established edinburgh woollen mill concession , to extend the appeal of a garden centre and also broaden its customer base .
pearl lowe’s latest collection for peacocks has finally hit stores and online and if it looks as good on us as it does on model , daisy lowe , then we’ll take it all please . shop the collection now…
but mr jones added :
we wait to see the full details of how this announcement will exactly affect employees of peacocks and we will provide all the support we can to those who face losing their jobs .
the telegraph reports that the key issue at peacocks is related to whether its banks , led by barclays and royal bank of scotland ( rbs ) , were willing to take a loss on the debt they are owed .
we are in the process of contacting all our members at peacocks to offer them advice and support , but i ' d also advise them to contact their local usdaw office or official as soon as possible .
in defence of peacocks ' directors , the management buy - out which saddled the company with so much debt was a deal done at the height of the buy - out boom when many similar deals were being signed off .
' but i ' m not going to stand at this despatch box and make any false promises . we are going to look at what we can do for peacocks but it will involve the welsh government as you know .
the company , which last month became the first target of a management buyout attempt backed by hedge funds , said that it had completed refits at 97 per cent of its 436 peacocks outlets , 45 of them in the second quarter .
peacocks can trace its history back to warrington , in cheshire , in 1884 when albert frank peacock founded peacock ' s penny bazaar . in 1940 , mr peacock ' s son harold moved the business to its current base in cardiff .
some very high profile and lucrative mbos were completed in 2005 . one of the deals of the year , according to many of the advisers insider spoke to , was the mbo of clothing retailer peacocks for £3404 . 4m . the deal was notable for the fact that it was partly funded by us hedge funds och - ziff , perry capital and echelon capital .
it was the first ever uk public to private mbo funded by hedge fund investors ,
rowe at gambit corporate finance explains . martin dean , at lloyds tsb corporate , adds :
it is interesting , especially as us firms came in and participated .
in a statement he thanked the firm ' s staff and said :
peacocks is a brand with great heritage , and it is with deep sadness that we have been left with no other option but to today place the business into administration .
excitement about the range , generated through social networking sites , was such that , for the first time in peacocks ' 126 - year history , the retailer was forced to set up a waiting list for customers before the official launch on september 19 .
“current preference for next is for large ‘retail park’ type stores at present with multiple departments . this scheme will allow sufficient area to ensure next will remain in the thistle shopping centre and prevent relocation to an out of town retail park . market share for clothing retail 2014 shows the strength of next as a trader . it had the largest share behind m & s and shows a current trend for growth across the market .
sources close to rbs insisted the bank had not changed its mind on peacocks – or lost faith in the wider retail sector – though others at the negotiating table were adamant that the bank turned cold on a restructuring deal it had previously been enthusiastically promoting .
peacocks ' advisers have been trying to put together a rescue deal for months , but talks broke down at the weekend after royal bank of scotland showed its ruthless side , joining a band of senior creditors to dash hopes of a debt - for - equity swap that would have handed control of peacocks to its banks . rbs and barclays were in the driving seat of the negotiations – which were said to involve 18 funds and lenders – as they were owed the most with both banks on the hook for more than £100m .
peacocks are a very good company ive learnt some supervisor training and my co workers and manager are very nice to work with and my most enjoyable part of the job is helping customers choose an outfit and seeing there appreciation and the bit i hate is rude customers .
i ' ve bought a lot more from primark than peacocks . its great for kids clothes were they grow so fast so the clothes don ' t get the chance to wear out . nice and cheap too . only problem is their sizes can be a little odd .
peacocks stands for quality and value for the whole family . the business is dedicated to bringing customers exceptional value for money on the high street . the range gives customers the best of basics , starting at just £3 , to the latest fashions for women , men and kids
however , there remains a strong possibility that most of the business could be saved and we have spoken to the administrators this afternoon to urge them to keep peacocks trading for as long as possible in order to allow sufficient time for a buyer to be found .
welsh liberal democrat enterprise and business spokeswoman eluned parrott am added :
the outcome for peacocks could have been so much worse and a pooling of resources with edinburgh woollen mill is a very good fit , avoiding the danger of asset stripping and hopefully the closure of adjacent stores .
we know that our customers want the cutting edge in colour trends , tailoring and effortless styling , with an affordable price tag . that ' s why our new in collection is packed with this season ' s hottest clothing , shoes and accessories - so you don ' t need to go anywhere else . check out the latest women ' s fashion online today and get your hands on our newest trends from the comfort of your own home . go ahead , make a statement this season .
it is thought that a pre - pack administration – where a buyer for the assets of a business is selected at the same time as it is placed into administration – is unlikely in peacocks’ case because of the quantum of debt involved and the length of time its owners have been working on a solution .
peacocks , owned by hedge funds och - ziff and perry capital , has been boosted by the success of a collaboration with the singer - turned - fashion designer pearl lowe . like - for - like sales rose 17 % over the christmas period and the company said it was benefiting from its ability to react quickly to fashion trends .
chris laverty , joint administrator and restructuring partner at kpmg , said : “like many retailers peacocks has suffered from tough economic conditions , which have seen its customers reduce their spending on the high street . this factor , combined with a surplus of stores and high overheads , led to the business becoming financially unviable in its current form . ”
the board has filed an
intention to appoint administrators
for peacocks and its sister chain bonmarché which gives them 10 days to put together a plan while it prevents creditors pursuing debts through the courts . sources suggested kirk was close to making an offer for the chain which has 611 stores and more than 10 , 000 staff , but there was no certainty that it would succeed .
pearl lowe has always had a passion for design . from customising her own outfits to designing her first collection for her mothers boutique aged 10 , pearl loves to create . after leaving school and having a successful music career as lead singer in the band powder , pearl returned to design with a 3 year collaboration with peacocks as well as her own line . now pearl has turned her hand to childrenswear with her stunning debut luxury kids lifestyle collection , petite pearl lowe . everything is handmade in somerset and includes whimsical designs such as leotards , jumpsuits and dresses in chiffons , crepe , net and tulle with intricate detailing and sequin embellishments . this beautiful collection creates a truly magical dress up experience for young girls aged 2 to 9 . we are totally in love !
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at £35 it is the price most celebrities are accustomed to paying for a glass of vintage champagne or a designer lipstick .
but this dress is proof that even the rich and famous can ' t resist a bargain when they see one .
after several of the country ' s leading newspaper and magazine fashion editors wore the vintage - style tea dress to london and new york fashion weeks , celebrities began contacting the high street store wanting to buy one .
pop star courtney love was so desperate to have the 1950s - inspired dress she sent a message to miss lowe , via twitter , asking for one to be couriered to her suite at the mercer hotel , new york .
former texas front woman sharlene spiteri and australian singer natalie imbruglia have also purchased the frock .
and last week television presenter holly willoughby wore it live on this morning after waiting several weeks for one in her size .
the black dress , which includes a cream lace collar , pinched waist and pleated chest and skirt detailing , was so popular that it sold out online in just two hours .
' pearl has always been adamant that she wanted to make clothes for women with real figures , so they are designed for women with busts and curves . the range is popular because it is so comfortable and flattering to wear .
' pearl has been meticulous about her collections - she goes to the factory to oversee production and chooses the fabrics and laces herself to make sure her clothes have that authentic vintage feel .
' her attention to detail means the dresses appear like true vintage garments . '
miss lowe , a former singer with several indie bands in the 1990s , began designing bespoke , handmade dresses for upmarket store libertys in 2001 .
inspired by the glamour of hollywood legends , louise brooks and greta garbo , the range , which is available in sizes 8 to 18 , is intended to bring vintage , designer styles to the masses .
miss lowe said : ' i looked to great women of the past for inspiration . i’ve always adored the classic style of hollywood legends , in particular louise brooks and greta garbo , and wanted to create a collection that captured their magic and femininity .
' i selected fabrics that look authentic and didn’t cut corners when it came to adding details such as vintage pleats and belts to ensure the collection retained a vintage feel . i’m so excited to be bringing timeless hollywood style back to the high street . '
her daughter , model daisy lowe , added : ' what girl doesn’t love a bit of glamour ? mum’s autumn collection reminds me of the dresses i used to see on my female heroines when i was growing up , and i’m so excited to see them worn by the girls of today . '
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naya rivera sells her five - bedroom la home for a cool $ 3 . 55 million after finalizing her divorce from ryan dorsey
mel b ' is unable to pay her back taxes amid ongoing divorce battle with stephen belafonte . . . as it ' s estimated the pair owe up to $ 650k ' to the irs
kylie jenner rocks curve - clinging attire as she shows off body . . . and considers going back to blonde
dakota johnson dons striped wrap dress in la . . . after calling co - star chris hemsworth ' spectacular '
cardi b hits back at troll who mocked her baby shower . . . as she shows off naked baby bump for photoshoot
buy your own celebrity hideaway ! castle adored by michael douglas and jack nicholson goes on sale for $ 5 . 2m ( and even comes with treehouse )
ant - man and the wasp soars to $ 76 million on opening weekend . . . beating its prequel by $ 19 million
liam payne and cheryl split : carefree 1d star returns to stage for first time since break - up . . . as he poses happily with his backing dancers in france
tristan thompson goes house hunting alone as he checks out $ 2m property in la with its own basketball court . . . just minutes from khloe ' s mansion
chris hemsworth kicks off filming for the star - studded men in black spin - off as he cuts a sharp figure in london . . . 21 years after the first film hit screens
jill zarin admits she ' s ready to date again after being spotted with handsome businessman . . . following beloved husband bobby ' s death
dj khaled cancels wireless performance due to ' travel issues ' just hours before his slot . . . as fans rage over his ' vacation ' snap
13 reasons why villain justin prentice says he ' s not bothered by social media trolls . . . and that getting attacked online means he ' s doing his job as an actor
' she didn ' t get those from me ' : kylie jenner says daughter stormi has dad travis scott ' s lips . . . as star reveals her breasts are ' three times the size ' post - baby
kevin hart celebrates 39th birthday in las vegas . . . nearly a year after sin city cheating scandal
dakota fanning joins michael b . jordan in voice cast of western anime series gen : lock
' i regret making it public ' : guy pearce is remorseful for asserting his former co - star kevin spacey was ' handsy ' with him on the set of l . a . confidential
iconic movie home where molly ringwald ' s sixteen candles was filmed finally sells for $ 1 . 135 million after two years on market
kendra caldwell duggar struggles through labor on counting on . . . before welcoming baby garrett
why madonna dated only toyboys and why , as she pushes 60 , she ' s finally got bored with them . . . by the writer who knows her best
brooklyn beckham and squeeze lexy panterra get cozy at london club . . . enraging ex tallia storm
yolanda hadid ' splits from boyfriend matt minnis ' . . . less than a year after david foster divorce
brooklyn beckham utilises his camera skills at wireless festival . . . after his debut photography book was slammed by fans
justin bieber is the perfect gentleman as he handles the bags . . . while crop top - clad hailey baldwin struts alongside
' i just don ' t want stuff ' kim kardashian doesn ' t buy her kids gifts to avoid spoiling them and sticks to a household budget . . . but says kanye is the ' biggest shopper '
joanna gaines shares husband chip ' s unique birth tradition . . . as he cradles newborn son crew
kylie jenner gushes baby stormi is ' changing every week ' and ' has cutest personality ' . . . as new mom admits to binge watching the handmaid ' s tale
lena dunham says she was ' really smart ' to date ex jack antonoff . . . after posting nude selfie
tom brady shows no mercy as he takes on gisele and his cancer - survivor mom in dodgeball . . . with a ' no crying ' rule
lauren conrad ' s son liam takes a handful of cake . . . as proud mom ' celebrates one year with our little guy '
khloe kardashian ' anxious but eager ' as she gets back to work for the first time since true ' s birth . . . and her alarm goes off at 4 . 35am
nia vardalos ' divorce filing . . . as duo split following 25 years of marriage
kendall jenner boats in sheer dress . . . after snuggling up to her nba beau ben simmons at khloe kardashian ' s party
keyshia cole announces pregnancy on instagram . . . as boyfriend niko khale posts beach pic of couple
anthony bourdain leaves majority of his $ 1 . 2m estate - which was rumored to be worth at least $ 16m - to 11 - year - old daughter ariane
ben affleck ' s $ 19m la mansion is surrounded by moving trucks . . . as it ' s revealed girlfriend lindsay shookus plans to spend more time on west coast
number of refugees accepted into the u . s . falls below the rest of the world combined for the first time since 1980
now it seems the model is no longer content with her role and is turning her hand to creating a swimwear range for the high street chain .
available in sizes eight to 16 , and in cup sizes 32b to 36dd , the bikini tops and briefs will be sold separately to allow customers to mix and match . for her debut collection , daisy sought inspiration from the french riviera in the fifties , celebrating the beautiful curves of sophia loren and the original pin up queen , bettie page .
her four piece range includes a selection of flirty bikinis , swimsuits and sexy shorts , designed to flatter women of all shapes and sizes .
pear will continue her spring / summer 2011 vintage inspired tea dress collection set to launch in april .
daisy said : ' it was important from the start that my designs were accessible so my friends could afford them , which is why we’ve kept the collection under £18 .
' i’ve sought inspiration from the things i love , family holidays in europe , iconic fifties pin ups and classic vintage shapes .
' my mum is my style icon and it was great growing up and having access to her closet .
' i’m so pleased i now have my own collection to wear and share with my friends instead of nagging my mum for hers . '
pearl lowe said : ' i’m so proud of daisy’s collection , whatever she puts her hand to she turns into a success and i can’t wait to see her designs come to life this summer . together we are proud to be bringing classy vintage fashion to the high street at affordable prices . '
' diana would be ashamed ' : meghan ' s bitter half - sister . . .
woman , 38 , ' shoots her father in the head and then lives . . .
alive ! four thai boys who made it out of cave in daring . . .
what was agreed at chequers . . . and how the three - page . . .
' this is no sell - out ' : theresa may insists she has chosen . . .
sydney tower skywalk was ' shut down due to unsafe winds ' . . .
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theresa may will contest a vote of no confidence if tory mps seek to bring her down after resignations by david davis and boris johnson . a downing street source said that the prime minister would stand and fight to resist being bundled out of no 10 by leave mps furious at her attempts to soften brexit . this evening mrs may appointed jeremy hunt as foreign . . .
theresa may will contest a vote of no confidence if tory mps seek to bring her down after . . .
it looked by mid - morning as though theresa may could contain the fallout from losing her brexit secretary , david davis . . .
it looked by mid - morning as though theresa may could contain the fallout from losing her brexit secretary , david davis . the departure this afternoon of her foreign secretary , boris johnson , pushed the crisis into new territory . he quit just 30 minutes before the prime minister was due to make a statement . . .
it looked by mid - morning as though theresa may could contain the fallout from losing her brexit secretary , david davis .
a former ukip councillor killed his wife with a choke hold after she discovered he was having an affair with his son’s partner , a court has been told . stephen searle , 64 , an ex - royal marine , denies murdering his 62 - year - old . . .
a former ukip councillor killed his wife with a choke hold after she discovered he was having an affair with his . . .
a couple poisoned with a lethal nerve agent were exposed to a high dose after handling a vessel used to transport the substance , counterterrorism officers believe . dawn sturgess , 44 , died last night and her boyfriend charlie . . .
a couple poisoned with a lethal nerve agent were exposed to a high dose after handling a vessel used to transport the . . .
britain is urging germany to calm president trump’s anger at low european defence spending by investing in railways and bridges that can be used by nato troops in a crisis , the times has learnt . gavin williamson , the defence secretary , is . . .
britain is urging germany to calm president trump’s anger at low european defence spending by . . .
president trump’s personal confrontation with the nato alliance , which is due to come to a head this week , is all . . .


the ferro alloys corporation limited ( facor ) was floated in 1955 by the house of sarafs and mors to become the first major producer of ferromanganese in india .

the year 1956 , marked the beginning of the ferro alloys corporation limited at sriramnagar , garividi , vizianagaram district , andhra pradesh .

the founder was seth shriman durgaprasadji saraf ( 1911 – 1988 ) .

the registered office is at tumsar , bhandara district , maharashtra .

ferroalloys are used as deoxidizers and alloy additives in the steel manufacturing process .

the ferromanganese plant started production in 1957 , equipped with three furnaces for production of high carbon ferromanganese and ferrosilicon .

in 1969 , a reduction furnace and a slag furnace were commissioned for production of ferrochrome .

the company independently , set up a 16 mva furnace in 1981 .

facor acquired a small steel plant at nagpur in maharashtra .

in 1979 , facor developed the technology to produce charge chrome in their own r&d wing .

they have established a charge chrome plant at d.p.nagar , randia in bhadrak district of orissa in 1983 .

it is a 100 % export oriented project with a production capacity of 50,000 tons per annum .

facor signed an agreement with marc rich and co . ag switzerland , as the sole selling agent of their entire charge chrome output for 10 years .

the plants at sriramnagar have facilities for raw material handling , metal and slag casting , crushing , sizing and other ancillaries apart from furnaces for smelting of ferro alloys .

the raw materials are manganese ore , chromite and quartzite ores with principal elements of manganese , chromium and silicon respectively .

they are obtained from the andhra pradesh , orissa , madhya pradesh and bihar states .

the ferro alloys produced are high carbon ferro chrome , low carbon ferro chrome , silico chrome , silico manganese and magnesium ferro silicon , ferro manganese etc. , these alloys are tapped from electric arc furnaces in molten state .

they are prepared to the required size from 25 mm to 150 mm and transported to the various steel companies .

the furnaces are connected to two-stage venturi scrubber systems to maintain a clean environment in and around the production area .

facor has been accredited under iso 9001:2000 .

the existing manpower at sriramnagar is about 784 regular employees with 107 supervisory personnel , besides 1070 contract workmen .

in 2003 , the charge chrome division along with the mining division in orissa has been demerged as facor steels ltd and the ferro alloys division at garividi as facor alloys ltd .

ferro alloys corporation

ferro alloys corporation ltd . stock price , share price , live bse / nse , ferro alloys corporation ltd . bids offers . buy / sell ferro alloys corporation ltd . news & tips , & f & o ; quotes
the company history page lists out the major events in chronological order for ferro alloys corporation ltd .
ferro alloys corporation - disclosures under reg . 29 ( 2 ) of sebi ( sast ) regulations , 2011
» results of e - voting and poll for 60th agm of the ferro alloys corporation limited read more . . .
ferro alloys corporation revised disclosures under reg . 31 ( 1 ) and 31 ( 2 ) of sebi ( sast ) regulations , 2011
ferro alloys corporation revsied disclosures under reg . 31 ( 1 ) and 31 ( 2 ) of sebi ( sast ) regulations , 2011
indian metals & ferro alloys q2 profit slumps 82 % to rs 7 . 37 crore
ferro alloys corporation ( facor ) as an old as the indian ferro alloy industry . starting out with limited facilities to manufacture ferro manganese in 1957 , it has grown today to become the largest producer of ferro alloys , producing almost all kinds of ferro alloys . it has production facilities in maharashtra for various ferro alloys ( inst . cap . : 72 , 500 tpa ) , rolled steel ( 45 , 000 tpa ) and a 100 % eou for charge chrome ( 50 , 000 tpa ) .
ferro alloys corporation statement of investor complaint under reg . 13 ( 3 ) of sebi ( lodr ) regulations , 2015 for quarter ended december 31 , 2016
indian metals and ferro alloys net profit up at rs 63 . 87 crore in quarter ending dec 31 , 2017
ferro alloys corporation ltd . , incorporated in the year 1955 , is a small cap company ( having a market cap of rs 94 . 30 crore ) operating in metals - non ferrous sector .
» public announcement { under regulation 6 of the insolvency and bankruptcy board of india ( insolvency resolution process for corporate persons ) regulations , 2016 } for the attention of the creditors of ferro alloys corporation limited read more . . .
the group that started its journey with a ferro manganese plant in shreeramnagar , andhra pradesh to produce ferro manganese , diversified into various types of ferro alloys . further , it established a large chrome ore mining complex at bhadrak in the state of orissa followed by the first charge chrome plant in 1981 . facor also diversified into alloys and steel production in nagpur , maharashtra .
the eldest son of the founder and the chairman & managing director of the group . ferro alloys corporation limited , widely known as facor group , today is one of the india ' s largest and established producers and exporters of high carbon ferro chrome / charge chrome worldwide , an essential ingredient for the manufacture of steel and stainless steel .
» facor group signs annual contract for supply of ferro chrome read more . . .
the company has restructured its capital by implementing the following : 1 . trifurcation of the company into 3 independent entities as follows : a . ferro alloys division consisting of plant at garvidi in andhra pradesh is transferred to a new company being formed in the name of facor alloys ltd . b . steel division consisting of steel melting & rolling plant at nagpur , maharashtra is transferred to a new company being formed in the name of facor steels ltd . c . charge chrome division consisting of charge chrome plant and mines in orissa will remain with the existing company ferro alloys corporation ltd .
the ferro alloys division was reopened during the year 2000 - 2001 , after a gap of 14 months and it operated only 2 furnaces out of 16 furnaces with available 16 mw ntpc power .
2 . the equity share capital of the company shall be split amongst the above mentioned three entities in the following ratio : i . facor steels limited - 20 % - face value per share rs . 2 / - . ii . facor alloys limited - 40 % - face value per share rs . 4 / - . iii . ferro alloys corporation limited - 40 % - face value per share rs . 4 / - .
ferro alloys corporation ltd . key products / revenue segments include ferro alloys which contributed rs 482 . 37 crore to sales value ( 79 . 95 % of total sales ) , chrome ore which contributed rs 111 . 34 crore to sales value ( 18 . 45 % of total sales ) , export incentives which contributed rs 9 . 04 crore to sales value ( 1 . 49 % of total sales ) , by products which contributed rs . 55 crore to sales value ( 0 . 09 % of total sales ) for the year ending 31 - mar - 2016 .
subsequent to the above split up of share capital , the nominal and paid up value of equity shares held by the shareholders in each of the above 3 companies will be written down / derated by 90 % i . e . , from rs . 2 / - , rs . 4 / - , and rs . 4 / - per share to rs . 0 . 20 , rs . 0 . 40 & rs . 0 . 40 per equity share in facor steels limited , facor alloys limited & ferro alloys corporation limited respectively and consolidation of such reduced shares into shares of paid up value of re . 1 / - each in all the companies .
the fortunes of the ferro alloy industry are linked to the ups and downs of the steel industry , as ferro alloys are used in the production of steel . it is a power - guzzling industry and power tariff constitutes 35 - 40 % of the production cost in india . the ever - increasing power tariff has led facor to enter into several disputes with the sebs and , today , its outstanding litigation fees amount to around rs 14 cr .
the ferro alloys division of the company at shreeramnagar in andhra pradesh has been under lock out since 19 / 3 / 99 due to some labour problems . the bifr have declared the company a a sick industrial company and appointed icici ltd as the operating agency to examine the viability of the company and formulate a rehabilitation scheme for its revival .
ferro alloys corporation limited ( facor ) incorporated in 1955 is one of the india ' s largest producers and exporters of ferro alloys , an essential ingredient for manufacture of steel and stainless steel . it exports to several countries like korea , japan , italy , netherlands , usa , turkey , china and taiwan . facor group , started its journey in 1956 from a ferro manganese plant at shreeramnagar in andhra pradesh has come a long way . today , facor stands synonymous to a name , which employs experience , resources and technical know - how , not only in technology but in quality as well . post trifurcation of the facor group into 3 independent entities in 2004 under a demerger scheme , facor has the capacity to produce 65 , 000 tpa of charge chrome / ferro chrome and 2 , 50 , 000 tpa of chrome ore at its plant in orissa . it has also established a mining complex at bhadrak in orissa for the mining of chrome ore , the main raw material for the production of charge chrome / ferro chrome . stringent quality control for both raw materials and finished products is maintained . facor has been accredited with iso 9001 : 2000 standard , which coupled with other control measures adopted by the company , enables it to maintain its world wide status as a producer of quality products . alongwith strengthening its industrial activities , which include marketing , production and technology development , facor continuously strives towards creating new products of high technology .
facor has the capacity to produce 65 , 000 tonne per annum ( tpa ) of ferro chrome and 2 , 50 , 000 tpa of chrome ore at its plant in orissa . it has also established a mining complex at bhadrak in orissa for the mining of chrome ore , the main raw material for the production of ferro chrome .
ferro alloys is in the mining & minerals sector . the current market capitalisation stands at rs 94 . 30 crore . the company management includes r k saraf - chairman & managing director , manoj saraf - managing director , ashish saraf - joint managing director , rohit saraf - joint managing director , vineet saraf - director , a s kapre - director , umesh khaitan - director , pinaki misra - director , m b thaker - director , urmila gupta - director . it is listed on the bse with a bse code of 500141 and the nse with an nse code of ferroalloy . its registered office is at charge chrome plant : d p nagar , , p . o randia , bhadrak dist . , orissa - 756135 . their registrars are beetal financial & computer services ( p ) ltd
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arcelormittal , the world’s largest steel maker , is eyeing another strategic buy in india .
the promoters of facor — the saraf family — are planning to diversify into the power business and want to divest a part of their stake to raise funds . facor is valued for its chrome ore mining complex in orissa .
“ arcelormittal has shown interest in the stake buy and the due diligence will start soon , ” said an official familiar with the development .
the facor stock closed at rs 23 . 5 a share on the bombay stock exchange today . at the current price , the company has a market capitalisation of rs 435 crore . however , the deal is expected at rs 35 a share , about 50 per cent premium to the current market price .
“we would like to dilute the promoter’s equity to raise funds for expansion in power business , ” said ashish saraf , joint managing director in the company which has appointed ernst & young to do the valuation and look for a strategic partner .
the company needs rs 2 , 500 crore for setting up a 500 mw power plant .
saraf declined to quantify the stake the promoters are willing to dilute , nor did he want to specify the target price .
“they ( arcelormittal ) may have shown interest but we are directly not in touch . ernst and young is yet to come back to us with the names of interested companies , ” he said .
billionaire laksmi n mittal promoted arcelormittal signed a co - promotion agreement with mumbai based uttam galva in september . it completed the buyout in march , paying an estimated rs 500 crore for the 33 . 8 per cent stake in the company .
following this , both arcelormittal and the current promoters of uttam galva are equal partners in the company .
“arcelormittal is finding it tough to start its green field project , so it is buying stakes in small ventures to get hold in the indian market , ” says giriraj daga , an analyst with mumbai based brokerage khandwala securities . “since ferroalloy is used as raw material for steel making , it would be valuable for any steel maker to have a strategic tie up , ” he said .
arcelormittal plans to build greenfield steel production capacity of 30 million tonne per annum in india . while orissa and jharkhand will have 12 million tonne capacity each , karnataka will have a plant with a capacity of six million tonnes .
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facor group exports its products to several countries like china , germany , korea , japan , italy , netherland , taiwan , turkey and usa .
the group plans to expand in the power sector and to capitalize on the opportunities in this sector , it has lined up major power ventures . . .
alongwith strengthening its industrial activities , which include marketing , production and technology development , facor continuously . . . .
creating value for our investors , partners , vendors and to the society at large , lies at the root of our fundamental business strategy . . .
mr . ashish saraf , jmd with the prime minister of india mr . narendra modi
mr . ashish saraf , jmd with the hon’ chief minister andhra pradesh mr . n . chandrababu naidu
» disclosure dated 12 / 3 / 18 under regulation 30 of the sebi ( lodr ) , regulations , 2015 read more . . .
» disclosure under regulation 44 of sebi ( lodr ) , regulations , 2015 read more . . .
» we , at facor , believe that we have a responsibility towards our community and we shall endeavor to shoulder that responsibility . as part of our csr initiatives , we have built science block “d p saraf science block” within the campus of rameshwar mahavidyalaya situated in randia , bhadrak district , orissa . the science block is named after our founder late shri . durga prasad ji saraf . the building will be inaugurated shortly . read more . . .
» our mining division in orissa state had organized a mega free health camp at shreeram u . p . school , kathpal– about 100kms from bhadrak district , orissa . read more . . .
alongwith strengthening its industrial activities , which include marketing , production and technology development , facor continuously strives towards creating new products of high technology . known for its positive attitude , every facor venture is a milestone in itself .
» we , at facor , believe that we have a responsibility towards our community and we shall endeavor to shoulder that responsibility . as part of our csr initiatives , we have built science block
d p saraf science block
within the campus of rameshwar mahavidyalaya situated in randia , bhadrak district , orissa . the science block is named after our founder late shri . durga prasad ji saraf . the building will be inaugurated shortly . read more . . .
» our mining division in orissa state had organized a mega free health camp at shreeram u . p . school , kathpal - about 100kms from bhadrak district , orissa . read more . . .
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for the quarter ended 31 - 12 - 2017 , the company has reported a standalone sales of rs 140 . 89 crore , down - 1 . 57 % from last quarter sales of rs 143 . 13 crore and down - 1 . 03 % from last year same quarter sales of rs 142 . 36 crore company has reported net profit after tax of rs 9 . 84 crore in latest quarter .
the company’s top management includes mr . a s kapre , mr . ashish saraf , mr . m b thaker , mr . manoj saraf , mr . pinaki misra , mr . r k saraf , mr . rohit saraf , mr . umesh khaitan , mr . vineet saraf , mrs . urmila gupta . company has salve & co . as its auditors as on 31 - 03 - 2018 , the company has a total of 185 , 268 , 241 shares outstanding .
the producers are not able to pass over the increase in the cost of production , mainly due to the presence of a large number of small - scale units which enjoy exemptions from excise duty and sales tax , and power tariff concessions . enjoying a market share of more than 50 % , they have pushed many established units , including facor , into the red . facors charge chrome unit , too , has performed badly as international prices touched rock bottom . to meet its working capital requirements , the company raised rs 18 . 34 cr through a rights issue of equity shares in may 93 ( premium : rs 25 ) . in terms of a rehabilitation package , the company has agreed to issue zero - interest convertible debentures to financial institutions to the extent of the amount of funded interest , aggregating about rs 34 cr .
during the year 1997 - 98 , the company was referred to bifr since its networth stands fully eroded . during 1995 - 96 the turnover of the company increased to rs . 406 . 15 crores as against rs . 289 . 45 crores during 1994 - 95 .
during the year 1999 - 2000 , the company received eepc all india trophy for highest exporters for the year 1998 - 99 in the category of
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