|Bonmarche Holdings - Directorate Change & Trading Update|
RNS Number : 1857J
Bonmarche Holdings PLC
Bonmarché Holdings plc
("Bonmarché" or the "Company")
Director Change and Trading Update
Bonmarché Holdings plc today announces that
The Board is conducting a comprehensive search for the Company's next Chief Executive and a further announcement will be made in due course.
Beth has imbued Bonmarché with a sense of energy and purpose, and today the business is well-placed for long-term success, with a robust balance sheet, strong management, and a carefully formulated growth strategy. We wish her all the very best for the future."
"It has been a great privilege to lead this unique Company. I would like to offer my sincere thanks for the valued support from customers, colleagues, suppliers and shareholders, throughout my time with Bonmarché."
2. Trading update
In the Company's Interim Results report published on 23 November, the Board stated that, provided trading conditions normalised for the remainder of the financial year, its expectations for the full year would remain unchanged.
Trading conditions during December, particularly since "Black Friday" on 27 November, have been very challenging, and have not normalised. The Board's view is that these trading conditions are likely to continue for the remainder of the winter season and it has therefore revised its profit expectations for the current financial year. Given the ongoing volatility of trading conditions, the Board considers it likely that the PBT will be within the range of
The Company will issue its post-Christmas trading update on
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