Bonmarche collapses again as retail bloodbath deepens

Administrators are striving to strike a rescue offer and said no redundancies would be made or merchants shut in the meantime. 

Bonmarché has 225 merchants all around the United kingdom, possessing shut thirty when it initially went into administration in Oct 2019 as it battled increasing expenditures and the danger from on the web buying. 

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

Peacocks and several other EWM Team brands went into administration previous month. 

Primarily based in Wakefield, Bonmarché traces its roots back to 1982. Founder Parkash Singh Chima commenced promoting clothing door-to-door and in markets, just before opening his initially shop in Doncaster in 1985. 

Damian Webb, of directors RSM, said: “Bonmarche remains an attractive brand name with a loyal consumer base. It is our intention to carry on to trade while working carefully with management to explore the choices for the small business.

“We will shortly be advertising and marketing the small business for sale, and centered on the interest to date we foresee there will be a selection of interested parties.”