Women’s fashion retailer Bonmarché has fallen into administration, putting 1,500 jobs at risk.
Wakefield-based Bonmarché, which sells fashion for women over 50, was owned by retail tycoon Philip Day. It has 225 stores across the UK.
Edinburgh Woollen Mill, Peacocks and Ponden Home Stores – also owned by Day – fell into administration last month.
BBC News reports that administrators have been appointed from RSM Restructuring Advisory.
This is the second time the retailer has been placed to administration in just over a year, after news of administration broke in October 2019 (see Direct Commerce news story).
Administrators said that stores would continue to trade while other options were explored, according to BBC News.
Joint administrator, Damian Webb, said: “Bonmarché remains an attractive brand with a loyal customer base. It is our intention to continue to trade whilst working closely with management to explore the options for the business.
“We will shortly be marketing the business for sale and based on the interest to date, we anticipate there will be a number of interested parties.”
The news follows the separate announcements this week that Debenhams and Arcadia Group have collapsed into administration.
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