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Fears for local shops

Published date: 25 January 2012 |
Published by: Iwan Berry


 

A CLOTHING store with branches in Llandudno and Colwyn Bay is set to announce closures after avoiding administration.

Women's clothing retailer Bonmarche, along with parent company Peacocks escaped entering administration as part of an eleventh hour deal struck with a private equity firm.

Sun European Partners has announced it will continue to run 230 of the stores but close 160, putting more than 1,000 jobs at risk.

A list of stores to be closed is yet to be released by the company.

Bonmarche has stores on Mostyn Street, Llandudno, and in the Bay View Centre, Colwyn Bay.

The chain owns 563 stores around the UK, and other groups such as Sun European and the Edinburgh Woollen Mill are potential bidders for future ownership.

The first round of bidding on the chain ends on January 30.

Sun European declined to make any official comments on the future of Bonmarche stores.

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