Bonmarche shares rise on market debut

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.