• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

BHS On The Brink

UK retailer BHS is on the brink and could file for administration as early as Monday, according to sources close to the owners. Department store chain British Home Stores could join Woolworths on the scrapheap of high-street staples. The loss-making store was bought out by financiers, lawyers and accountants with no retail experience and came […]

Jack Peat by Jack Peat
2016-04-24 13:03
in Business, News
SONY DSC

SONY DSC

FacebookTwitterLinkedinEmailWhatsapp

UK retailer BHS is on the brink and could file for administration as early as Monday, according to sources close to the owners.

Department store chain British Home Stores could join Woolworths on the scrapheap of high-street staples. The loss-making store was bought out by financiers, lawyers and accountants with no retail experience and came close to closure last month with a rescue deal from creditors keeping the company solvent.

But time could have run out for BHS. Sources close to the owners have told the BBC that “things don’t look good”. The owners are thought to have struggled to deliver £160 million of funding to turn things around, and could file for administration tomorrow.

A closure would threaten 11,000 jobs. Shopworkers’ trade union Usdaw told the BBC it was “seeking urgent clarification from the company”.

It also called on BHS to begin a dialogue “at this difficult and worrying time for staff”.

RelatedPosts

Prince Charles accepted suitcase containing €1 million in cash from Qatari sheikh

Watch: The moment supporters from 20 different unions join picket in Glasgow

London drivers face NEW £160 fine – just for ‘straying’ into a cycle lane

WATCH: ‘Boris Johnson’ chased by police at Headingley Stadium!

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

In pictures: Huge queues at petrol stations as motorists panic-buy fuel

Robber bound middle-aged woman’s hands together – before stabbing her

Post-Brexit immigration system ‘will do little to change UK economic trajectory’

Former French ambassador calls Boris “an unrepentant liar” in new book

Quiz: How well do you know Britain’s new favourite superfood?

Tommy Robinson: Insolvency expert goes after EDL founder’s assets

Bug passed from camels may trigger next deadly pandemic

Remembering: Colin the Brexiteer who hates immigration queues

Man threatened MPs including threatening to kill Theresa May while she was PM, court hears

Soldier convicted of raping a sleeping woman in his barracks

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.