Women's clothing retailer Bonmarche has collapsed into administration for the second time in just over a year, putting more than 1,500 jobs under threat.
RSM Restructuring Advisory, which has been appointed to handle the administration, said all 225 stores will remain open and there are no redundancies yet, as it looks to agree a rescue deal.
The high street chain has 13 stores in Scotland.
It comes after Bonmarche plunged into administration in October 2019, before administrators agreed a rescue deal with retailer Peacocks. Despite this, 30 stores were closed before last Christmas and the deal led to more than 1,300 job losses.
Damian Webb, joint administrator at RSM Restructuring Advisory, said: "Bonmarche remains an attractive brand with a loyal customer base, so it is our intention to continue to trade whilst working closely with management to explore the options for the business.
"We will shortly be marketing the business for sale, and based on the interest to date we anticipate there will be a number of interested parties."
News of the firm's collapse comes during one of the worst weeks ever for UK retail, with the collapse of both Arcadia Group and Debenhams putting around 25,000 staff in jeopardy.
Sir Philip Green’s retail empire - which includes Topshop, Miss Selfridge and Burton - called in administrators Deloitte yesterday, with 13,000 staff facing an anxious wait on its future.
This was closely followed by Debenhams, which is already in administration, stating it would start a liquidation process after JD Sports pulled out of a possible rescue. The department store has around 12,000 staff across the UK.
