Bonmarché Explained

Bonmarché Retail Ltd
Trade Name:Bonmarché
Type:Subsidiary
Foundation: in Wakefield, England
Founder:Singh Chima
Location:Wakefield, England
Key People:Phillip Day (Owner)
Area Served:United Kingdom
Industry:Fashion
Num Employees:2,600
Parent:Purepay Retail (EWM)
Owner:Purepay Retail
Footnotes:[1]

Bonmarché is a clothing retailer based in Wakefield, West Yorkshire. The business was founded in 1982, and was acquired by the Peacock Group in July 2002.

The clothing retailer had over 380 stores nationwide, employed over 4,000 people and was the United Kingdom's largest budget fashion retailer selling womenswear in a wide range of sizes – especially clothing proportioned specifically for people of bigger proportions. Ranges included casual and formal separates, outerwear, swimwear, lingerie nightwear and accessories, all designed for larger women.

History

Bonmarché was founded in 1982, by Parkash Singh Chima. The Sikh businessman arrived in the United Kingdom in 1950, from the Punjab and settled in Ely, Cambridgeshire, from where he launched a door-to-door business selling clothing items. The family bought two retail clothing firms in 1982 – Wiltex and Hartley – which had twenty six indoor market locations across the north of England.

Mr Chima moved to Huddersfield, and ran the business with two of his sons, Gurchait and Gurnaik.

The first Bonmarché store opened in Doncaster in 1985, and this was the start of the chain that grew into more than three hundred stores, a huge headquarters at Grange Moor, and a turnover of more than £200 million. Mr Chima retired and left two sons to run the business, before they sold to the Peacock Group in July 2002.[2] [3]

In March 2011, it was reported that Peacocks were looking to sell Bonmarché, and in January 2012, the business was sold for an undisclosed sum to private equity group Sun European Partners.[4] [5]

In July 2019, the company said that trading in recent months was so poor, it was recommending a £5.7M rescue bid from the owner of Edinburgh Woollen Mill, Philip Day, less than three months after rejecting it.[6] The company was placed into administration on 18 October 2019. The administrators stated that initially, all stores would remain open, and no redundancies had yet been made.[7]

David Emanuel

In August 2007, Bonmarché launched a collection, designed in collaboration with David Emanuel, the designer famous for the co-design of Lady Diana Spencer's wedding dress in July 1981.

Criticism

Building collapse at Savar

See main article: 2013 Savar building collapse. On 24 April 2013, the eight-story Rana Plaza commercial building collapsed in Savar, a sub district near Dhaka, the capital of Bangladesh. At least 1,127 people died, and over 2,438 were injured.

The factory housed a number of separate garment factories employing around 5,000 people, several shops, and a bank, and manufactured apparel for brands, including the Benetton Group, Joe Fresh,[8] The Children's Place, Primark, Monsoon, and Dressbarn.[9] [10] [11]

Of the twenty-nine brands identified as having sourced products from the Rana Plaza factories, only nine attended meetings held in November 2013 to agree on a proposal on compensation to the victims. The agreement was signed by Primark, Loblaw, Bonmarche and El Corte Ingles.

External links

Notes and References

  1. Web site: Companies House Profile . 23 July 2020 . Companies House.
  2. Web site: Atkinson . Neil . 16 February 2010 . Bon Marche founder Parkash Singh Chima dies at Sikh Leisure Centre . huddersfieldexaminer.
  3. Web site: Sikhs Online – Bonmarché founder dies at 86 among Sikh friends (18 February 2010) . dead . https://web.archive.org/web/20101220033614/http://www.sikhsonline.co.uk/business/bonmarche-founder-dies-at-86-among-sikh-friends/ . 20 December 2010.
  4. Web site: Harrington . Ben . 20 March 2011 . Peacocks considers Bonmarché sale . The Telegraph.
  5. Web site: 23 January 2012 . Bonmarche fashion chain bought . BBC.
  6. Web site: Kollewe . Julia . 26 June 2019 . Bonmarché rethinks rescue bid after weak trading . The Guardian.
  7. News: Bonmarché falls into administration in latest high street failure . 18 October 2019 . The Telegraph . 18 October 2019 . Telegraph Media Group Limited 2019. Onita . Laura .
  8. Web site: O'Connor . Clare . 'Extreme Pricing' At What Cost? Retailer Joe Fresh Sends Reps To Bangladesh As Death Toll Rises . Forbes.
  9. News: Zain Al-Mahmood . Syed . 24 April 2013 . Matalan supplier among manufacturers in Bangladesh building collapse . . London . 21 October 2013.
  10. News: Nelson . Dean . 24 April 2013 . Bangladesh building collapse kills at least 82 in Dhaka . . London . 24 April 2013.
  11. News: Alam . Julhas . 24 April 2013 . At least 87 dead in Bangladesh building collapse . . 24 April 2013.