In what could be the biggest failure on the high street since the demise of Woolworths in 2008, the owner of BHS has warned staff the struggling retailer will go into administration on Monday after failing to agree a last-minute deal to keep the business afloat.
In a letter to its 11,000 employees last night, BHS owner Dominic Chappell said: “It is with a deep heart that I have to report, despite a massive effort from the team, we have been unable to secure a funder or a trade sale.” The restructuring firm Duff & Phelps is set to be named as administrators, and is expected to try to find a buyer for the business as a going concern.
If you work at BHS we want to know how you are feeling about the news. Are you concerned about your pension and who do you feel is responsible? How do you think you might be affected and what do you think the future holds for the business? You can share your views by filling in our form below and we will use some of your contributions in our ongoing reporting.
