Eight staff are set to lose their jobs when Falmouth’s Bonmarche store shuts its doors for the final time.
The Market Street shop will shut in around a month’s time after bosses broke the news to the workers last week.
The shop’s future was left in the balance after its parent company, the Peacock Group, collapsed with debts of around £240 million.
Investment company Sun European Partners bought the company from the administrators, but immediately announced plans to close 160 stores with the loss of 1,400 jobs.
It was confirmed last week that the Falmouth store is one of those earmarked for closure, and ‘closing down’ signs have now appeared in the windows.
A source at the shop told the Packet: “We were called into a meeting last week where bosses told us that the store is going to close. We have been told that it will be around a month before we finally shut.
“It is sad for everyone who works here, and bad news for Falmouth to be losing such a well-established shop as well.”
Staff at the Peacocks store in the town are still awaiting news on their future. Administrators KPMG are awaiting offers for the company to be finalised before any announcement on the brands future and potential for job losses is announced.