AROUND 15 jobs have been saved in Rugby town centre following the news that Peacocks will remain open.
Edinburgh Woollen Mill Group announced last week that it had agreed to buy the troubled clothing chain after it went into administration in January.
Peacocks had 611 stores across Britain and employed around 9,100 people.
The Edinburgh Woollen Mill Group has taken on 338 of those stores - including the one in Church Street, Rugby.
The remaining stores will close with a lost of thousands of jobs.
Staff at the fashion shop in Church Street said they were pleased that the store would be staying open and that the 15 employees would be keeping their jobs.
Philip Day, chairman and chief executive of the Edinburgh Woollen Mill Group, said: “I am pleased to announce that with immediate effect 338 stores, 57 concessions, three distributions centres and the head office operations belonging to the Peacocks group will come into the EWM Group of companies, saving some 6,000 jobs, including 250 at the Cardiff headquarters. 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.”
Although Peacocks has been saved from closure, Bon Marche in the Clock Towers will still shut in the near future.
Bon Marche was also owned by the Peacocks Group and the store was earmarked for closure when the firm went bust.
A date has not yet been given for its closure.
Meanwhile, gigh street discount store B&M announced it would be opening on Saturday this week.
For the last few weeks the store has undergone a substantial refurbishment. Based in the former Kwik Save unit next to Poundland, the shop has been derelict since 2007.
The store will sell a range of branded products at discount prices.