Bonmarche collapses again as retail bloodbath deepens

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

Bonmarché has 225 merchants about the British isles, having shut thirty when it very first went into administration in Oct 2019 as it battled mounting charges and the menace from on line searching. 

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

Peacocks and numerous other EWM Team manufacturers went into administration previous thirty day period. 

Primarily based in Wakefield, Bonmarché traces its roots back to 1982. Founder Parkash Singh Chima began providing clothing doorway-to-doorway and in markets, just before opening his very first shop in Doncaster in 1985. 

Damian Webb, of directors RSM, said: “Bonmarche stays an eye-catching brand name with a loyal shopper foundation. It is our intention to carry on to trade while working carefully with management to explore the solutions for the enterprise.

“We will soon be marketing the enterprise for sale, and based on the desire to day we anticipate there will be a amount of fascinated events.”