Fashion chain Bonmarche collapses into administration in latest high street blow
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dailystar.co.ukpandemic.Retail giant Arcadia and department store Debenhams are among other 2020 high street casualties.Bonmarche joins the list as it falls into administration for a second time, having previously filed in October 2019.The retailer was bought out of administration by retail mogul Philip Day in February.A large number of shareholders then sold their stakes to Mr Day, giving him a 95 per cent ownership in the struggling retailer.Despite the news, Bonmarche tweeted today: “Our stores have safely reopened today!
Each store has extra safety measures in place to ensure the wellbeing of our teams and lovely customers. We can't wait to welcome you back! “The joint administrators had said then 30 "underperforming and unsustainable" stores would.
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