Bonmarche, previously part of the Peacock Group, has announced plans to return to the UK stock market, with 40% of shares to be publicly traded after an IPO in November.

The chain was acquired by Peacock Group in 2002 but was sold off when the group collapsed early last year.

Bonmarche sales in the year ended March 30th were £146.8 million pounds and in the first half of the financial year, same-store sales increased 13%, according to the statement.