Essential reading for retailers and suppliers in the home improvement market

BHS shuts up shop for good

Published: 30 August 2016
After 88 years on high streets all over the UK, the last BHS store closed for good over the bank holiday weekend.
BHS shuts up shop for good
Stock was reduced by up to 70% in the remaining 22 stores, with many shoppers turning up to commemorate the closing of the high street stalwart as well as grab bargains.

BHS began as an affordable general shop in Brixton, South London, back in 1928. Its collapse marks the largest retail failure since that of Woolworths in 2008. Up to 11,000 workers now face unemployment.

Meanwhile, the retailer's former owner Sir Philip Green, who has come under heavy criticism for his part to play in BHS' downfall, is reportedly still on holiday in the Mediterranean. Labour MP Frank Field recently accused Green of "plundering" BHS and described him as "a sort of asset stripper."

Green sold BHS to bankrupt Dominic Chappell for £1 back in 2015. Chappell is reportedly planning to put his personal business into administration this week and will be re-structuring his assets to protect his cash from investigations into the failure of BHS, according to reports.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories