Bonmarché collapses into administration for a second time

Bonmarché has fallen into administration for the second time this year.

Just days after Arcadia and Debenhams have also both collapsed, the retailer was only bought out of administration in February.

Bonmarché, which has 225 shops and about 1,500 staff in the UK, has appointed RSM as the administrators.

Damian Webb, joint administrator at RSM, said: “Bonmarché remains an attractive brand with a loyal customer base. It is our intention to continue to trade while 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.”

Just this week Arcadia fell into administration risking 13,000 jobs. The owner of Topshop and Dorothy Perkins was the biggest casualty of the pandemic so far and said that no redundancies are being announced just yet. Retailers will continue to trade over the Christmas period whilst the group looks for a buyer.