Bonmarche goes into administration - here are the stores near you that could be affected

HIGH street retailer Bonmarche has collapsed into administration, putting almost 2,900 jobs under threat.

Friday, 18th October 2019, 9:38 pm
A Bonmarche store front as the high street retailer collapses into administration. Picture: Jonathan Brady/PA Wire

The womenswear company has seen Tony Wright, Alastair Massey and Phil Pierce, from specialist advisory firm FRP, appointed as joint administrators today.

It comes following what administrators have described as a period of ‘challenging trading conditions’.

Sign up to our daily newsletter

The i newsletter cut through the noise

The company has stores in Commercial Road, Portsmouth, Fareham Shopping Centre, Gosport High Street and Duke’s Walk, Waterlooville.

While Bonmarche is in administration, it will continue to trade as normal, with 2,887 staff employed across the UK.

Mr Wright from FRP said: ‘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.

‘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.’

It is the second time the business has fallen into administration in seven years, after it was previously bought in a rescue deal by private equity firm Sun European Partners in 2012.

If there is a story you think we should know about, you can contact us via our email [email protected] or via our social media channels – Facebook or Twitter

Do not contact us while you are driving.

Sign up for our WhatsApp service to get the latest news direct to your phone.