Womenswear retailer Bonmarché has collapsed into administration, putting almost 2,900 jobs at risk across its 318 UK stores.
The retailer, which has a branch on Regent Street in the town centre has become the latest high street victim.
Administrators Tony Wright, Alastair Massey and Phil Pierce, of specialist advisory firm FRP, were appointed on Friday and immediately said the company will continue to trade with no immediate job losses, as it assesses options to secure the future of the company.
Mr Wright said: “Bonmarche 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.
“There is every sign that we can continue trading while we market Bonmarche for sale and believe that there will be interest to take on the business.”
The administrators added that “all stores remain open and no redundancies have been made”.
