Peacock Group says there will be property benefits from a £51.3m acquisition of Bon Marche, agreed yesterday.
It said the two groups could take a large site and split it between them.
Both companies aim to open a large number of outlets each year. They want to take the combined total of 585 shops to 1,200. The deal is being styled as a “merger”.
Financial Times 04/07/02 page 21
The Daily Telegraph 04/07/02 page 34
The Independent 04/07/02 page 23
