Home / Knowledge / News / Apparel/Garments / Bonmarché acquired by Sun European Partners
Bonmarché acquired by Sun European Partners
24
Jan '12
Richard Fleming, Chris Laverty, Ed Boyle and Mark Firmin were appointed administrators to Bonmarché, the clothing retailer. The administrators immediately sold 389 stores, and its headquarters, to Sun European Partners.

Two stores – one in Balham and a second in St Albans – were in a consultation process before the appointment of administrators and closed, as scheduled, on Saturday. The two stores do not form part of the transaction and the 12 staff who are on consultation will be made redundant.

A third store in Perth, which is not commercially viable, is also not part of the deal and the administrators will wind the store down, resulting in 7 redundancies once this process has been completed.

Chris Laverty, joint administrator and restructuring partner at KPMG, said:

“Given the hostile conditions on the high street, we're pleased to have concluded a sale with Sun European Partners. The deal is a positive step forward in underscoring Bonmarché's future.”

KPMG

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search