{"id":165660,"date":"2020-02-21T08:31:00","date_gmt":"2020-02-21T08:31:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/peacocks-buys-bonmarche-with-final-details-yet-to-be-disclosed\/"},"modified":"2021-08-06T12:04:47","modified_gmt":"2021-08-06T12:04:47","slug":"peacocks-buys-bonmarche-with-final-details-yet-to-be-disclosed","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/peacocks-buys-bonmarche-with-final-details-yet-to-be-disclosed\/","title":{"rendered":"Peacocks buys Bonmarch\u00e9, with final details yet to be disclosed"},"content":{"rendered":"<p><strong>Peacocks has acquired Bonmarch\u00e9, <\/strong>its struggling value fashion rival and a stablemate in retail tycoon Philip Day's empire.<strong>\u00a0<\/strong>Although the sale has been reported, <strong>final details are yet to be disclosed.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>A spokesperson linked to Day confirmed to FashionNetwork.com that the deal is taking place, however there are<strong> no plans for an official announcement until it is finalised.<\/strong><\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/hundreds-likely-to-lose-jobs-in-bonmarche-rescue-deal\/\">Peacocks was revealed as the preferred bidder<\/a> for Bonmarch\u00e9 back in November, after the retailer had collapsed into administration the prior month. At the time 30 underperforming stores were closed while around 285 remained trading while a buyer was sought.<\/p>\n<p>Philip Day, whose Edinburgh Woollen Mill Group owns Peacocks, acquired Bonmarch\u00e9 through acquisition vehicle Spectre last year. The retailer had previously been listed on the London Stock Exchange and Day's initial bid for the company was rejected by its previous management, however as trading conditions worsened they <strong>did a u-turn recommended to shareholders to accept the bid.<\/strong><\/p>\n<p>By this point the business was in considerable distress and issued a series of profits warnings before administrators were called in. It is believed that Peacocks has acquired 75% of its stores but negotiations are still underway with landlords.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":137285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[12454,9724,4080,35,16500,14841,18316],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peacocks buys Bonmarch\u00e9, with final details yet to be disclosed - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Peacocks has acquired Bonmarch\u00e9, its struggling value fashion rival and a stablemate in retail tycoon Philip Day&#039;s empire.\u00a0Although the sale has been\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/peacocks-buys-bonmarche-with-final-details-yet-to-be-disclosed\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peacocks buys Bonmarch\u00e9, with final details yet to be disclosed - 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