Bonmarche collapses again as retail bloodbath deepens

Administrators are trying to strike a rescue offer and claimed no redundancies would be made or retailers shut in the meantime. 

Bonmarché has 225 retailers about the United kingdom, possessing shut 30 when it to start with went into administration in October 2019 as it battled growing expenses and the risk from on the net procuring. 

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

Peacocks and a number of other EWM Team manufacturers went into administration last month. 

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

Damian Webb, of directors RSM, said: “Bonmarche continues to be an appealing manufacturer with a faithful client foundation. It is our intention to continue to trade while working intently with management to discover the selections for the organization.

“We will shortly be internet marketing the organization for sale, and based mostly on the fascination to day we foresee there will be a range of interested parties.”


Next Post

the undignified demise of Debenhams

Calvert suggests Debenham’s brand name choice never ever truly moved on possibly, and its reliance on frequent promotions devalued it in consumers’ eyes. The Designers by Debenhams ranges never ever evolved and showcased the exact designers, 12 months following 12 months.  “There had been enormous structural headwinds in situations of declining footfall […]