U.K. Fashion Chain Peacocks to Sell Bonmarche, Sunday Times Says

U.K. budget retailer Peacocks plans to sell its Bonmarche womenswear chain as part of a company revamp, the Sunday Times reported.

Cardiff-based Peacocks may receive less than 10 million pounds ($15.4 million) for Bonmarche, which it bought for 51 million pounds in 2002, the Sunday Times said, without saying where it obtained the information.