Following on from the demise and liquidation of Austin Reed, another bastion of the high street hit the bricks.
BHS is to be liquidated after its administrators Duff &
Phelps failed to find a buyer, with the closure of 163 stores and the
loss of 11,000 jobs.
Administrators Duff & Phelps confirmed that although multiple
offers for the business were received, attempts at a rescue deal
collapsed because of the working capital required to secure the future
of the company.