JOBS at a Dunfermline retailer are at risk after the company was placed into administration.

Bonmarche, which has operated in the Kingsgate Centre since August 2017, said its will continue to trade with "no immediate job losses" as it assesses it options to secure the future of the company.

The firm currently employs 2900 people across the UK and its administrators say its downturn follows a “sustained period of challenging trading conditions."

Tony Wright, Alastair Massey and Phil Pierce, of specialist advisory firm FRP, were appointed as joint administrators for the firm on Friday.

They said all stores remain open and no redundancies have been made.

Mr Wright said: “Bonmarche has been a staple on the UK high street for nearly three decades, but the persistent challenges facing retail have taken their toll and led to the administration.

“There is every sign that we can continue trading while we market Bonmarche for sale and believe that there will be interest to take on the business.”

The brand has recently struggled with rising costs, such as business rates and rising wages, as well as dwindling footfall on UK high streets.

It is the second time the business has fallen into administration in seven years, after it was previously bought in a rescue deal by private equity firm Sun European Partners in 2012.

The company was later floated on the London stock exchange before retail tycoon Philip Day purchased a majority stake earlier this year.

A large number of shareholders then sold their stakes to Mr Day, giving him a 95 per cent ownership in the struggling retailer.