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BHS Rescue bids fail

Department store BHS is to go into liquidation with the loss of up to 11,000 jobs after efforts to find a buyer failed.

The decision followed a lengthy bidding process aimed at saving BHS, which went into administration in April.

But none of the offers was judged acceptable by administrators Duff & Phelps, who blamed "seismic shifts" in the retail sector for the collapse.

All 163 BHS stores will be holding closing sales over the coming weeks.

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Publish Date: 06-Jun-2016 00:00

Tag: Staff Young People Parents & Carers Labour Market
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