UK Re­tail Group BHS Goes Into Ad­min­is­tra­tion

The Economic Times - - Brands: Creating Desire -

Bri­tish re­tailer BHS Group ap­pointed ad­min­is­tra­tors to pro­tect against in­sol­vency, putting 11,000 jobs at risk in what would be the big­gest UK re­tail col­lapse since Wool­worths Group Plc in 2008. The re­tailer, which opened its first store in Lon­don al­most nine decades ago, has strug­gled to grow sales against a back­drop of mount­ing com­pe­ti­tion and bur­den­some debt, which prompted bil­lion­aire Philip Green to sell it for a pound last year. The chain’s 164 out­lets of­fer every­thing from cloth­ing and light­ing to lug­gage, which have be­come read­ily avail­able from on­line re­tail­ers, dis­coun­ters and su­per­mar­kets.

LON­DON

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