Fashion chain Bonmarche, part of the Peacocks Group, has been bought for an undisclosed sum by private equity group Sun European Partners. However, the deal could lead to 1,400 redundancies. Sun, which bought the entire chain apart from three stores, has said it will continue to run 230 stores but will close about 160. Peacocks went into administration last week, having tried unsuccessfully to restructure its £240m debts. Sun, which also owns the Alexon and Jacques Vert brands, has bought Bonmarche out of administration in a pre-pack deal.