Bonmarché

Peacocks, Bonmarché and Edinburgh Woollen Mill (EWM) have returned to profitability in the latest financial year after the businesses were bought out of administration in 2021, Drapers can reveal.

Peacocks, Bonmarché and Edinburgh Woollen Mill (EWM) are looking to open 100 UK stores in the next 18 months as part of a large expansion plan, Drapers can reveal.

Philip Day has stepped away from Edinburgh Woollen Mill Limited, Bonmarché and Ponden Home, but industry sources are not convinced that he has packed up his retail bags for good.

Edinburgh Woollen Mill Limited, Bonmarché and Ponden Home have been sold to international investment consortium Purepay Retail Limited, resulting in store closures and hundreds of redundancies.

Industry experts have warned redundancies could “decimate” the fashion retail sector, following the collapse of major high street names Arcadia, Debenhams and Bonmarché this week, with more than 26,000 jobs on the line.

Philip Day's Bonmarché has collapsed into administration for the second time in just over a year, with RSM Restructuring Advisory appointed as administrator.