Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Peacocks to rescue Bonmarche

Peacocks to rescue Bonmarche

Thu, 28 Nov 2019 | BUSINESS SALE



Peacocks has agreed a deal with administrators to rescue rival womenswear business Bonmarche from collapse.

Peacocks has been revealed as the preferred bidder for Bonmarche, which went into administration last month in the wake of challenging trading conditions and cashflow problems.

Joint administrators Tony Wright, Alastair Massey and Phil Pierce, all partners at specialist business advisory firm FRP Advisory, selected Peacocks after bidding for Bonmarche closed on November 15.

Despite the agreement with administrators, negotiations remain ongoing and the deal is not yet complete. The buyout is subject to further due diligence checks and negotiations between Peacocks and several landlords before it can be completed.

If completed, the deal will see 30 underperforming and unsustainable Bonmarche locations close. The remaining 285 stores will continue to trade while the business’ performance is reviewed.

Joint administrator Tony Wright said: “After a robust marketing process for Bonmarché, the business attracted a range of bids."

“We have now begun advanced negotiations with Peacocks on a going concern basis and aim to complete a transaction that will maximise returns for creditors, but also provide the best opportunity to keep the retailer open and protect the greatest number of jobs,” he said.

A Peacocks spokesperson added: “We are working very hard to reach a deal that secures the future of the company and the greatest number of jobs. But given the unprecedented pressures the business continues to face, it is also important to recognise this cannot be assured at this time.”

Despite this caution, it is expected that the “vast majority” of the 285 stores will remain open, should the deal go through.


Share this article



Latest Businesses for Sale

Supplier Of Hair & Beauty Products
UK Wide, London

Supplies professional hair and beauty products to customers throughout London and the South East. Has 4,000 customers, with 80% providing reliable, repeat business on an ongoing basis.

Asking Price: Offers Invited
Turnover: £790,000

LEASEHOLD


Bike & Accessories Supplier
South East, UK

Supplies e-bikes and related products, including mechanical bikes, powered ride-along toys and accessories, to blue-chip organisations across the UK.

Asking Price: Offers Invited
Turnover: £3,900,000

LEASEHOLD


Online Retail Business with Warehouse
Ashford Hill, Thatcham, Hampshire, UK Wide

A small team of three of us focus on sales, purchasing, and administrative tasks. The business could easily be integrated within an existing team to support higher profits.

Asking Price: £800,000
Turnover: £2,000,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Apr
 

Derbyshire hotel and wedding venue to reopen as search for buyer continues | COMMERCIAL PROPERTY

A four-star hotel and wedding venue in South Derbyshire is s...

 
21
 
Apr
 

English vineyard business put up for sale | BUSINESS SALE

A specialist English Pinot Noir vineyard in Worcestershire h...

 
20
 
Apr
 

Administrators appointed as UK logistics firm collapses | ADMINISTRATION

West Bromwich-based courier and logistics firm New Generatio...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
25
 
Jan
 

Boohoo acquires Debenhams brand in £55m deal | BUSINESS SALE

Online retailer Boohoo has acquired the Debenhams brand in a...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

 
07
 
Jan
 

Leicestershire country house hotel seeks investment after falling into administration | ADMINISTRATION

Country house hotel Hothorpe Hall in Theddingworth, south Le...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.