BHS set to enter administration, putting 11,000 jobs at risk
The UK retailer is struggling against a backdrop of mounting competition
BHS Group expects to enter administration today, a company representative said, putting 11,000 jobs at risk in what would be the biggest UK retail collapse since Woolworths in 2008.
Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said.
“BHS has long been seen as an anachronism on the high street and it is surprising that it has survived this long,” Jon Copestake, an analyst at...
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