Fashion retailer Bonmarché has reportedly been sold to Peacocks, following months of speculation over its future.

Peacocks has now acquired the majority of Bonmarché's assets, including stock and around 200 stores, as reported by Retail Gazette. But a deal on the rest of its store estate has not yet been completed and it could be too late for the Gloucester store, which is currently displaying 'closing down' signs in the window.

Bonmarché went into administration last October, putting around 2900 jobs at risk. Administrator FRP said at the time that the company would continue to trade with no immediate job losses or store closures, as it assessed options to secure its future and search for a buyer.

There could still be hope for the Gloucester store, as Peacocks is reported to be in talks with some landlords about whether it is able to take the rest of the Bonmarche stores forward.

Bonmarché currently has around 270 stores in the UK, including a concession in Lydney Co-op.

Peacocks was first revealed as the preferred bidder for Bonmarche in November.