Friday, August 12, 2022

5000 staff at risk as date set for BHS to cease trading

A date has been set next month for when all remaining BHS stores will close down and depart the high street.

The administrators‘ decision to shut down the 114 BHS outlets by August 20 will affect around 5000 shopfloor staff.

The news comes just as a joint inquiry led by senior MPs published a scathing report on their investigation on the collapse of BHS, which laid the blame on Sir Philip Green and his poor leadership when he and his family owned the 88-year-old department store chain from 2000 to 2015.

According to Sky News, details of the store closures are set to be revealed later this week, but it is expected some of the stores will close down before the August 20 deadline.

The decision comes as BHS administrators last month said they could not find a buyer for the embattled high street stalwart, which entered administration in April.

Last week, administrators confirmed 30 stores will close down by the end of July.

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