Nov 28, 2019

Peacocks set to rescue Bonmarché from collapse

Bonmarché, the womenswear retailer that fell into administration in October, is set to be rescued by rival Peacocks. Peacocks has been named the "Preferred bidder" for the business, although further negotiations are needed before the deal is secured. 30 Bonmarché stores will now be closed by 11 December, the administrators said, and "Staff will potentially be made redundant". Bonmarché's 285 remaining stores will continue to trade. Administrators FRP Advisory said 25 people were made redundant in a number of head office and middle management roles.

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