Bonmarché has fallen into administration, putting some 2,900 jobs at risk. The announcement comes with news from the British Retail Consortium that 85,000 UK jobs have been cut in the sector in the past year. Bonmarché was bought by Philip Day, the owner of Edinburgh Woollen Mill Group, earlier this year, after issuing a third consecutive profit warning in March. Upon completion, Day announced plans to delist from the London Stock Exchange and conduct viability assessments at the company’s underperforming stores. Bonmarché has 318 shops at the time of writing.
