BHS to be wound down as rescue attempt fails
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2 June 2016
- From the section Business
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 co…
Read the full article at: http://www.bbc.co.uk/news/business-36437445