High street retailer Bonmarche has collapsed into administration, putting almost 2,900 jobs at risk.
The retailer, who have a store in Yate Shopping Centre, has become the latest victim in the high street downturn after a “sustained period of challenging trading conditions”, administrators said.
The womenswear retailer employs 2,887 staff, including 200 at its head office, and operates 318 stores across the UK.
Tony Wright, Alastair Massey and Phil Pierce, of specialist advisory firm FRP, were appointed as joint administrators for the firm on Friday.
FRP said the company will continue to trade with no immediate job losses, as it assesses options to secure the future of the company.
All stores remain open and no redundancies had been made by the end of October.
It is the second time the business has fallen into administration in seven years, after it was previously bought in a rescue deal by private equity firm Sun European Partners in 2012.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here