The Wakefield-based fashion chain Bonmarché has collapsed into administration, putting at risk nearly 3,000 jobs. The high-street retailer, which specialises in fashion for women over 50, was founded in 1982 and operates 318 stores across the UK. The announcement follows a "sustained period of challenging trading conditions and cash flow pressure". The retailer was delisted from the London Stock Exchange in August.
Tony Wright, a joint administrator and partner at FRP Advisory who was appointed on Friday afternoon, said: “Bonmarché 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 Bonmarché for sale and believe that there will be interest to take on the business."