Bonmarche shares rise on market debut

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Fashion retailer Bonmarche saw its shares rise in early trading today as they began trading on London’s Alternative Investment Market.

The firm, which has 264 stores – including 13 across Scotland – was bought by private equity group Sun European Partners in January 2012 for a reported £10 million after previous owner Peacocks fell into administration.

Last week the chain set its offer price at 200p a share, valuing it at £100m, and this morning the shares were trading at 215.5p.

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