Saturday, 30 April 2016

BHS Collapse

Department store BHS is the latest big shop to have gone into administration, putting 11,000 jobs at risk. The chain opened its first branch in Brixton, south London, in 1928.  There are currently 164 BHS stores across the country, but without a buyer the brand could follow many others by vanishing from the high street. That's because since 2006 - and the 2008 financial crash - lots of shops have disappeared. If a buyer is not found, it would be the biggest collapse since Woolworths. "The group will continue to trade as usual whilst the administrators seek to sell it as a going concern," the firm said. How many other large businesses have vanished in your lifetime? What is the reason why?