Death knell sounds for BHS stores

BHS is to shut 20 stores on Saturday as hopes of a rescue deal become increasingly remote.
 
In the North West, the retailer’s shops in Preston, Southport, St Helens, Warrington and Wigan.
 
BHS, which has 163 stores, tried to complete a CVA in March but failed and appointed administrators the following month.
 
Administrators acting for BHS announced at the start of June they had failed in their bid to find a buyer, with up to 11,000 workers set to be affected.
 
At the time Philip Duffy and Benjamin Wiles, managing directors of administrators Duff & Phelps confirmed there would be an orderly wind down of the BHS business.
 
Dominic Chappell’s Retail Acquisitions bought BHS for £1 last year from Sir Philip Green, and the deal as well as the responsibility for large pension liabilities is now being scrutinised as part of several ongoing investigations.