Hundreds of jobs have been placed at risk after high street retailer Bonmarché collapsed into administration - just hours after Sauchiehall Street neighbours Watt Brothers suffered the same fate.
The fashion chain appointed FRP Advisory as administrators on Friday to look for a new buyer, but no redundancies have been announced yet and the firm says it is comitted to keeping all 318 stores open.
It comes after staff were left "in tears" following the announcement of more than 200 redundancies at the popular Watt Brothers department store on Friday morning.
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Peacocks boss Philip Day took control of the high street retailer earlier this year via his Spectre investment vehicle, however that financial boosy has now been wiped out.
Bonmarché also boasts outlets in the Clyde, Forge and Livingston shopping centres.
Chief executive Helen Connolly cited Brexit as a major factor for the move, adding: "It is with deep regret and sadness that we have appointed administrators. Over the last 18 months, trading in our stores and market conditions on the high street have significantly worsened."
"The delay in Brexit has created negativities both in the global markets towards Britain and damaged consumer sentiment and retail footfall on the high street," she said.
"These have compounded the challenges we were facing and without such a delay, it is feasible to believe that our issues would have been more manageable. Instead, it has only intensified the pressures."
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The administrators said they were committed to keeping Bonmarché open while options for the business were assessed.
Tony Wright, joint administrator and partner at FRP, said: “Bonmarché has been a staple on the UK high street for nearly three decades, but the persistent challenges facing retail have taken their toll and led to the administration."
He added: "There is every sign that we can continue trading while we market Bonmarché for sale and believe that there will be interest to take on the business.”
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