Philip Day-led Spectre Holdings made a £6m ($7m) offer to acquire Bonmarche, a clothing retailer based in Wakefield. Mr. Day owns a 52.4% stake in the company and made a mandatory takeover bid for the remaining shares. The offer of 11.445p a share represents a discount to Bonmarche's latest closing price of 18p. A statement released by Spectre said: “Against the backdrop of the significant decline in Bonmarché’s profitability, Spectre believes it is well-positioned to provide advice, guidance, and support to secure the long term future of the Bonmarché business, its stores, and employees."