Bonmarche collapses again as retail bloodbath deepens

Administrators are striving to strike a rescue offer and explained no redundancies would be made or stores closed in the meantime. 

Bonmarché has 225 stores all around the United kingdom, obtaining closed thirty when it to start with went into administration in October 2019 as it battled increasing expenses and the risk from on the net browsing. 

It was rescued at the time by rival Peacocks – portion of retail tycoon Philip Day’s Edinburgh Woollen Mill Team. 

Peacocks and numerous other EWM Team manufacturers went into administration previous thirty day period. 

Centered in Wakefield, Bonmarché traces its roots again to 1982. Founder Parkash Singh Chima began marketing dresses door-to-door and in marketplaces, ahead of opening his to start with store in Doncaster in 1985. 

Damian Webb, of administrators RSM, said: “Bonmarche remains an appealing manufacturer with a faithful client foundation. It is our intention to carry on to trade while working carefully with administration to examine the possibilities for the company.

“We will soon be marketing and advertising the company for sale, and based on the fascination to date we anticipate there will be a number of fascinated events.”