Bonmarché falls into administration in third high street collapse in three days – and it’s just the start as ‘virus’ hoax aims to destroy the economy on the road to transforming it
Bonmarché has fallen into administration, marking the third major retail collapse in as many days as the UK high street battles to survive the pandemic.
The latest retail casualty leaves the fate of 1,500 jobs and 225 stores hanging in the balance. But administrators said all stores will remain open and no redundancies have been announced, as Bonmarché looks for a buyer.
The women’s fashion chain has called in administrators for the second time in under two years. RSM Restructuring Advisory LLP were appointed on 30 November.
Joint administrator Damian Webb of RSM Restructuring Advisory, which was appointed on 30 November, said: “Bonmarché remains an attractive brand with a loyal customer base. It is our intention to continue to trade whilst 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. We would like to thank the Bonmarché staff for continuing to support the business during these challenging and uncertain times for those individuals personally.”
It comes just two days after Arcadia, which TopShop, Dorothy Perkins, and Miss Selfridge, also filed for administration on Monday, leaving the fate of 500 stores and 14,000 workers in limbo.
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