Stricken retail chain BHS has entered liquidation after collapsing into administration in April this year.
The move brings the retailer one step closer to providing a final payment to creditors, by allowing it to hand back the leases it holds on empty stores.
It marks the latest chapter in the firm’s sorry saga, which has been dominated by a dispute between former BHS owner and retail tycoon Sir Philip Green and the Pensions Regulator over a £ 571 million black hole in the retailer’s pension fund.
Malcolm Weir, head of restructuring and insolvency at the Pension Protection Fund, said: “We …
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