Retailer Bonmarche set for stock market floatation

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Fashion chain Bonmarche is set to float its shares on the stock market - less than two years after being bought out of administration.

The company, which has its head office at Grange Moor, near Wakefield, plans to list its shares on the Alternative Investment Market (AIM) in London.

In 2012 Bonmarche was bought by Sun European Partners after its parent company, Peacocks, called in the administrators.

Now the company, which sells to the over 50s age group, is reporting more positive results from its 264 UK stores.

Beth Butterwick, chief executive officer of Bonmarche, said: “The success and strong financial performance enjoyed by the business over the last 18 months, coupled with our exciting growth strategy, makes this is an opportune time to bring the Company to AIM.

“We are confident that our competitive position and loyal customer base means that we are well placed to capitalise on this attractive and fast growing niche of the retail sector.”