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Friday, June 03, 2016

BHS Goes Into Liquidation

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.

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