×
48
Fashion Jobs
SHISEIDO
Drunk Elephant Account Manager - Arnotts Dublin (37.5 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent - Dublin m/f
Permanent · DUBLIN 2
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 37,5h - Permanent - Dublin m/f
Permanent · DUBLIN 2
TAPESTRY
Sales Associate i - ce ir Arnotts (Women) (37.5 Hours)
Permanent · Dublin
LEVI'S
Summer Stylist Temp
Fixed-term · Kildare
RITUALS
Store Manager - Dundrum (40 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent- bt Dundrum m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 10h - Fixed-Term - bt Dundrum m/f
Fixed-term · DUBLIN
LULULEMON
Educator | Brown Thomas Grafton st Part-Time
Permanent · Dublin 2
BA&SH
New Opening - Staff Members - Dundrum Dublin
Permanent · DUBLIN
LULULEMON
Key Leader | Brown Thomas Grafton st
Permanent · Dublin
AMERICAN VINTAGE
Assistant Store Manager (M/W) New Opening
Permanent · KILDARE
BA&SH
Sales Assistant - Kildare Village - New Opening
Permanent · KILDARE
BA&SH
Store Manager - Kildare Village - New Opening
Permanent · KILDARE
AMERICAN VINTAGE
Store Manager (M/W) New Opening
Permanent · KILDARE
RITUALS
Sales Advisor - Arnotts Dublin (30 Hours)
Permanent · Dublin 1
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Drogheda
LULULEMON
Store Manager | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Part-Time | Dundrum
Permanent · Dublin
LULULEMON
Educator Full - Time | Dundrum
Permanent · Dublin
LEVI'S
Part-Time Stylist
Permanent · Dublin
Published
Jul 2, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bonmarché management sells shares to Philip Day

Published
Jul 2, 2019

One of Bonmarché’s biggest shareholders accused management of “throwing in the towel” in recent days after recommending a low takeover offer that it had previously rebuffed. And that criticism seems justified on Tuesday with news that the senior executive team have all sold their stakes in the company to Philip Day’s Spectre Holdings.


Bonmarché


Chief executive Helen Connolly, finance director Stephen Alldridge and senior independent non-executive director Isobel Macpherson have sold their stakes to the retailer’s majority owner just a few weeks after advising shareholders that the £5.7 million offer was too low, and a few days after changing their minds due to ongoing weak trading.

The sale comes after news that the company's third largest shareholder, Cavendish Asset Management, had sold its almost-11% stake to Spectre for £0.6 million.

The management holdings don't add up to quite as much with Connolly’s amounting to less than £5,000 and Alldridge generating almost £60,000.

But it all puts Day closer to his goal of achieving a 75% stake in the company, at which point he will be able to delist it. It's believed that he now owns around 67% and the deadline for the end of the offer is looming.

Day, who owns Edinburgh Woollen Mill, Peacocks, Jaeger and Austin Reed among other businesses, acquired a 52.4% chunk of Bonmarché shares several months ago with the purchase triggering a mandatory takeover bid.

Copyright © 2022 FashionNetwork.com All rights reserved.