1,400 jobs to go in Bonmarche deal

Bonmarche, the fashion chain which was part of collapsed retailer Peacocks Group, has been sold in a deal that will lead to 1,400 job losses and 160 store closures.

Private equity firm Sun European Partners, which also owns the Alexon and Jacques Vert brands, has bought the women's clothing retailer out of administration in a so-called pre-pack deal for an undisclosed sum.