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Primark “shocked and deeply saddened” by Bangladesh factory tragedy, as fatalities rise to 161 Thursday, 25th April 2013
A number of high street retailers have been linked to the companies operating within the Bangladeshi building that collapsed on Wednesday, tragically killing at least 161 people and injuring over 800 others. The eight-story building, Rana Plaza, which housed four garment units, a bank branch and around 300 shops reportedly came crashing down during the early morning rush hour in Savar.
New hope for Peacocks deal Monday, 6th February 2012
Thousands of workers at the struggling fashion retailer have been given new hope after it emerged Pakistani billionaire Alshair Fiyaz is working on a rescue bid for the chain. Fiyaz has reportedly teamed up with Danish investment fun Solstra Capital to work on a second-round bid for the group, which is expected on Tuesday.
Bonmarché snapped up in prepack administration deal Monday, 23rd January 2012
Bonmarché has been snapped up Sun European Partners in a prepack administration deal. The private equity firm bought 230 stores.
Bonmarché stores could bare brunt of closures Wednesday, 18th January 2012
Half of all Bonmarché stores are facing closure after parent company Peacocks filed a notice of intent to appoint administrators on Monday. Sun Capital is currently the front runner for the chain, and according to sources close to the private equity firm, hopes to buy around 230 of the 397 shops. The remaining Bonmarché stores face closure as restructuring specialist GA Europe and Sun European begin to put together a deal for the retail group.
Peacocks chief enlists mystery investor to strike a rescue deal Tuesday, 17th January 2012
Peacocks chief executive Richard Kirk was reportedly attempting to put an eleventh hour rescue deal together last night in an effort to save the flagging retailer.
Peacocks Group and Bonmarché file notices of intent Monday, 16th January 2012
Notices of intent to appoint administrators for Peacocks Group and Bonmarché have been filed after RBS pulled out of a possible deal with the flagging retailer this morning.
Peacocks to sell off Bonmarché chain Monday, 9th January 2012
Peacocks is thought to be planning to offload its Bonmarche chain as part of a major restructuring. According to a report by The Sunday Times, the value retailer will sell off the Bonmarché chain in a matter of weeks. The move comes as Peacocks looks to restructure its debt of £240 million. The group could receive as little as £10 million for the Bonmarché chain, which it purchased in 2002 for £51 million.