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Bonmarche in administration for a second time

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Written by: Emma Lunn
02/12/2020
There has been more horror on the high street after fashion retailer Bonmarche collapsed into administration again.

Bonmarche first went into administration in October 2019, but administrators agreed a rescue deal with retailer Peacocks.

But the women’s retailer has now gone to the wall, putting 1,500 jobs at risk.

RSM Restructuring Advisory has been appointed to handle the administration. It said all Bonmarche’s 225 stores will remain open and there are no redundancies yet as it looks to agree a rescue deal.

Damian Webb, joint administrator of RSM Restructuring Advisory, said: “Bonmarche 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.”

Bonmarche’s collapse is part of a torrid week for high street stores.

Arcadia went into administration on Monday evening, putting 13,000 jobs at risk. The following day saw Debenhams go into liquidation, affecting 12,000 jobs, after JD Sports pulled out of talks about a rescue deal.

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