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Bonmarché stores to go into clearance; Peacocks final bids expected

More than 150 Bonmarché stores will be put into clearance over the weekend before closing.

Restructuring specialist GA Europe has taken over 165 of the value-chain’s stores – those that were on the provisional list to be closed down when private equity group Sun European bought Bonmarché out of administration on January 23.

The Clearance Sale will see further discounts on remaining stock after the Christmas trading period and the post Christmas Sale.

Store closures are expected within weeks.

Bonmarché was bought by private equity firm Sun European Partners in a prepack administration deal at the end of last month.

Sun European bought 230 stores in a deal that saved 2,400 jobs.

Bonmarché’s sister chain Peacocks collapsed into administration at the end of last month. Administrators KPMG i still seeking a buyer for the business and had six bids this week. Final bids are expected on Monday (February 6).

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