10 781
Fashion Jobs
BOBBI BROWN COSMETICS
Bobbi Brown | Area Sales And Education Manager | Central London
Permanent · LONDON
BOOTS
Global Product Manager, no7 Skincare
Permanent · LONDON
BOOTS
Optical Consultant
Permanent · LONDON
BOOTS
Senior Ecommerce Executive
Permanent · LONDON
PEOPLE MARKETING
Men's OR Womenswear Sales Manager / New Business Developer
Permanent · LONDON
PEOPLE MARKETING
Junior Account Manager
Permanent · LONDON
NEW BALANCE
Emea Sports Marketing Manager - Running
Permanent · WARRINGTON
QVC
Buying / Merchandise Administrator - Beauty Ftc
Permanent · LONDON
PENTLAND
Assistant Retail Marketing Manager
Permanent · SUNDERLAND
JOHN LEWIS
Supplier Direct Coordinator
Permanent · MILTON KEYNES
WAITROSE
Warehouse Partner
Permanent · AYLESFORD
JOHN LEWIS
Cdh Porter (Installer)
Permanent · LEEDS
JOHN LEWIS
Loss Prevention Partner
Permanent · LONDON
JOHN LEWIS
Cdh Porter (Technician)
Permanent · LONDON
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
THG
us Payroll Manager ($110 – 130k)
Permanent ·
NEXT
Stock Manager - Bury st. Edmunds
Permanent · BURY ST EDMUNDS
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Delivery Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Stock Manager - Southend Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
Published
Jan 6, 2020
Download
Download the article
Print
Text size

Bonmarché creditors owed £24m

Published
Jan 6, 2020

A report from FRP, administrators to Bonmarché, has warned creditors they are unlikely to get much of the £23.9 million the collapsed clothing chain owes them.


Bonmarché


Bonmarché was placed into administration in October, just three months after its takeover by retail tycoon Philip Day in July. The Wakefield-based business blamed a sustained period of challenging trading conditions and cashflow pressure for its woes, which meant it was unable to meet its financial obligations as they were due.

FRP said nine parties have expressed interest in making a firm for parts or the entirety of the fashion brand, and Peacocks, part of Day’s Edinburgh Woollen Mill Group, has been named as preferred bidder.

A potential sale to Peacocks could allow Bonmarché to raise significant funds to pay back unsecured creditors, however, FRP said it could not guarantee there would be enough cash to pay off all debts. Suppliers are owed £12.6 million and HMRC, £1.1 million, according to the Sunday Times.

Philip Day, worth £1.2 billion, has acquired several distressed fashion brands in recent times, including Austin Reed, Jane Norman and Jaeger, through his Edinburgh Woollen Mill Group.

He added Bonmarché to that list in July, after his company Spectre Holdings secured 93% of shares in the womenswear retailer. 

Bonmarché had over 300 stores and concessions across the UK before it fell into administration. About underperforming 11 stores have closed since then.

Copyright © 2024 FashionNetwork.com All rights reserved.