bus news and archive

BHS set to file for administration on Monday

London - The curtain is set to drop on high street retailer BHS, as it stands on the brink of a collapse into administration. The retailer is expected to call in administrations on Monday, placing close to 11,000 jobs at risk after eleventh-hour talks with Sports Direct to save the chain failed to take root Sunday evening. A statement is...

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Thousands of jobs at risk as BHS seeks rent cut for viable stores

The owners of struggling British high-street retailer, British Home Stores (BHS) may have to shut a quarter of its current stores if landlords are unwilling to work with them on a rescue deal to lower store rental fees, which places numerous jobs at risk. Together with advisor KPMG, BHS has proposed a radical restructuring of its store estate in...