Bonmarche collapses again as retail bloodbath deepens

Administrators are attempting to strike a rescue offer and stated no redundancies would be made or retailers closed in the meantime. 

Bonmarché has 225 retailers around the United kingdom, owning closed thirty when it 1st went into administration in October 2019 as it battled soaring expenses and the menace from on-line shopping. 

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

Peacocks and a number of other EWM Group makes went into administration previous thirty day period. 

Primarily based in Wakefield, Bonmarché traces its roots again to 1982. Founder Parkash Singh Chima commenced promoting outfits doorway-to-doorway and in marketplaces, before opening his 1st store in Doncaster in 1985. 

Damian Webb, of administrators RSM, said: “Bonmarche continues to be an beautiful brand name with a faithful customer foundation. It is our intention to proceed to trade while working closely with administration to discover the solutions for the company.

“We will shortly be promoting the company for sale, and centered on the interest to day we anticipate there will be a quantity of interested parties.”