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Goldman Sachs eyes Peacocks

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Affordable fashion may not be the first style associated with Wall Street, but banking giant

Goldman Sachs is in the market for fast fashion.

The American investment bank is expected to become the majority shareholder in debt-laden discount fashion chain Peacocks.

Goldman Sachs is expected to become the majority shareholder as part of discussions to reduce Peacocks’ £240m debt pile. Goldman is one of the company’s biggest junior lenders but it is considering writing off some of the debt in return for an enlarged stake.
Goldman Sachs
Peacocks