Retail chain Bonmarché fell into administration. | UK |

Women's fashion chain Bonmarché has fallen into administration for the second time this year, risking around 1,500 jobs. RSM Restructuring Advisory has been appointed as administrator for the retail chain which is presently having 225 shops.

Tesco to return £585 million of business rates relief One of the biggest supermarkets in the UK Tesco has announced to repay £585 million of business rates relief it received from the government. John Allan, Chairman of Tesco, said that they are financially strong and hence the board has agreed to repay the amount.

* HgCapital Trust Plc invests in Benevity HgCapital Trust plc, a leading global software investor, has made an investment in Benevity, Inc. The investment will be made from the company’s Hg Saturn 2 Fund, in collaboration with Benevity's current investors, General Atlantic and JMI Equity.




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