26-06-2019 11:21 via theguardian.com

Bonmarché rethinks rescue bid after weak trading

Shareholders advised to accept offer from Spectre, investment vehicle of Philip DayThe struggling clothing chain Bonmarché said trading in recent months was so poor it was recommending a £5.7m rescue bid from the billionaire Philip Day, less than three months after rejecting it.The firm, which sells fashion for women over 50 and has 312 shops, said weak sales in the first quarter meant there was a greater risk that pre-tax losses this year would be more than the £5m-£6m
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