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It is mandatory to procure user consent prior to running these cookies on your website. Sign in. Log into your account. Password recovery. Friday, November 12, Free Retail Newsletter Contact Us. Forgot your password? Get help. Chief Executive of the Yorkshire-based chain, Helen Connolly, blames the tough High Street trading conditions for the tough decision she made, putting the firm into administration.
As heard in the news, Bonmarche are not the first or only retailer to experience issues. Both refinancing and a rescue deal, known as a CVA, had been looked into. However, they came to the conclusion that neither option would benefit the business and change the challenges being faced.
Supposedly, this comes as not too much a surprise since the struggling retailer warned earlier this year that trading was deteriorating. The company has gone into administration before, in , when it was rescued by private equity firm Sun European Partners. Despite the news, FRP Advisory reassured the public and all of Bonmarche's internal stakeholders, including employees, that trading will continue, and no immediate redundancies will be made.
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