Sun European Partners acquires Bonmarché chain from Peacocks

SUN EUROPEAN Partners has acquired Bonmarché, the sister chain of the collapsed fashion retailer Peacocks, via a pre-pack administration deal that will save around 2,400 jobs.

The private equity group has bought 230 of Bonmarché’s stores from administrators KPMG for a sum understood to be around £10m. However, 160 stores will be closed, putting around 1,400 jobs at risk.

Sun European has made a string of retail acquisitions in recent months, including the purchase of womenswear brand Jacques Vert and sports specialist American Golf.

It is also understood to be among several parties considering a bid for Peacocks, which was put into administration last week. The deadline for first round bids is 31 January.