After poor Q1, Bonmarché urges shareholders to accept Philip Day's offer

After poor trading in the first quarter of the new financial year, Bonmarché Holdings Plc has asked the company’s shareholders to accept mandatory cash offer of 11.445 pence per share from Spectre Holdings Limited. The company said in a statement that first quarter was challenging primarily due to continued weakness in the underlying clothing market, and a lack of seasonal weather to counteract it, particularly in June.