Bonmarche: Almost 2,900 jobs at risk as high street firm collapses into administration

The Independent 1 month ago

Thousands of jobs were put at risk after womenswear retailer Bonmarche collapsed into administration following a “sustained period of challenging trading conditions" on the British high street

The company, which operates in 318 stores in the UK, employs 2,887 staff across the nation's high streets as well as 200 at its head office.

Despite being handed on to administrators, the firm is expected to continue to trade and there are not expected to be any immediate job losses, as options for the future of the company are assessed.

“Bonmarche 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," administrator Tony Wright said.  

"There is every sign that we can continue trading while we market Bonmarche for sale and believe that there will be interest to take on the business."

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Administrators added that "all stores remain open and no redundancies have been made".

It is the second time Bonmarche has gone into administration in the last seven years after being rescued by private equity firm Sun European Partners in 2012.

The firm is believed to have struggled with rising costs and dwindling footfall as more shoppers head online to make purchases.

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It follows others in the sector to have struggled in tough trading conditions in recent years. 

Toys R Us went into administration in February 2018, while brands including New Look were forced to close a number of stores earlier in the year to keep the business viable.


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Read also:
Evening Standard › 1 month ago
High street retailer Bonmarche has collapsed into administration, putting almost 2,900 jobs at risk, administrators have said.
Express › 1 month ago
BONMARCHE has plunged into administration with thousands of jobs at the retailer now at risk.
The Sun › Finance › 1 month ago
NEARLY 3,000 jobs are at risk after retailer Bonmarché on Friday called in administrators. The ailing over-50s fashion chain, which has almost 2,900 staff, has appointed advisers from FRP. Its 318 stores and concessions will stay open and there will...
Mirror Online › Finance › 1 month ago
The fashion chain has more than 300 shops and concessions and employs 2,900 people - it's now on the hunt for a new buyer
Mirror Online › Finance › 1 week ago
Struggling fashion chain Bonmarché will close 30 stores before Christmas - with hundreds of jobs on the line - as it enters the final stages of escaping administration and finding a buyer
Metro › Finance › 1 month ago
The latest victim of the decline of the British high street.
Chronicle Live › 1 month ago
No redundancies have been made and administrators are hoping to find a buyer
The Guardian › Finance › 1 week ago
At least 30 Bonmarché stores to close with loss of 240 jobs
BBC News › Finance › 1 week ago
Thirty Bonmarché stores will close and "staff will potentially be made redundant".
Manchester Evening News › 1 month ago
The retailer, which has stores in Oldham, Ashton-under-Lyne, Hyde, Stockport, Sale and Eccles, has a total of 318 stores and concessions
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