Fashion chain Bonmarché calls in administrators
Another body blow for the smaller high street where many Bonmarche shops are stalwarts of affordable new clothes. This story tells us:
The fashion chain Bonmarché has called in administrators, putting nearly 3,000 jobs at risk.
The Wakefield-based retailer, which sells fashion for women over 50 and has 318 shops, said it had got into difficulties after a “sustained period of challenging trading conditions and cashflow pressure”.
Administrators said they would continue to trade Bonmarché while assessing options for the future for the business. All stores remain open for the time being and no redundancies have been made.
Tony Wright, a joint administrator and partner at FRP Advisory who was appointed on Friday afternoon, said: “Bonmarché has been a staple on the UK high street for nearly three decades, but the persistent challenges facing retail have taken their toll and led to the administration.” He said he hoped to find a buyer for the business.