×
7 730
Fashion Jobs
PRIMARK
SEO Analyst
Permanent · READING
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · NEWPORT
ESTEE LAUDER
Tom Ford Beauty & Artisan Fragrances - Area Sales And Education Manager (Midlands)
Permanent · Birmingham
ESTEE LAUDER
Travel Retail - jo Malone London - Account Coordinator - Gatwick.Wdf-North - 37.5h/Week - Full Time, Permanent
Permanent · Horley
ESTEE LAUDER
Estee Lauder - Area Sales & Education Manager (Birmingham, Cambridge & mk)
Permanent · Birmingham
PRIMARK
Visual Merchandising Manager
Permanent · Kingston upon Hull
HARVEY NICHOLS KNIGHTSBRIDGE
Collect in Store Consultant
Permanent · LONDON
PRIMARK
Visual Merchandising Manager
Permanent · KINGSTON UPON HULL
PRIMARK
Visual Merchandising Manager
Permanent · YORK
FRASERS GROUP
Site SEO Manager
Permanent · STRETFORD
FRASERS GROUP
CRM Manager - Sports
Permanent · STRETFORD
SPORTS DIRECT
Front of House Security
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELTENHAM
JOHN LEWIS
Loss Prevention Partner
Permanent · DARTFORD
URBN
Urban Outfitters Wholesale Sales Coordinator (Ftc) - London, UK
Permanent · LONDON
SUPERDRY
Internal Audit Manager
Permanent · CHELTENHAM
NEXT
Sales Coordinator - Nottingham Victoria Retail Park
Permanent · NETHERFIELD
NEXT
Delivery Coordinator - Didcot
Permanent · DIDCOT
NEXT
Sales Coordinator - Bristol Imperial Park
Permanent · BRISTOL
NEXT
Sales Coordinator - Coventry Arena Retail Park
Permanent · COVENTRY
NEXT
Delivery Coordinator - Falkirk Central Retail Park
Permanent ·
Published
Jan 6, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2022 FashionNetwork.com All rights reserved.