Bonmarche collapses again as retail bloodbath deepens

Directors are hoping to strike a rescue deal and stated no redundancies would be made or shops shut in the meantime. 

Bonmarché has 225 shops around the United kingdom, acquiring shut 30 when it very first went into administration in October 2019 as it battled mounting fees and the danger from on the net procuring. 

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

Peacocks and several other EWM Group manufacturers went into administration very last month. 

Centered in Wakefield, Bonmarché traces its roots back again to 1982. Founder Parkash Singh Chima started out offering dresses door-to-door and in marketplaces, in advance of opening his very first shop in Doncaster in 1985. 

Damian Webb, of administrators RSM, said: “Bonmarche continues to be an eye-catching model with a loyal customer base. It is our intention to carry on to trade while working closely with administration to investigate the selections for the organization.

“We will shortly be marketing and advertising the organization for sale, and primarily based on the desire to day we foresee there will be a quantity of intrigued parties.”