You are here: Home - Household Bills - News -

Bonmarche in administration for a second time

0
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.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week