BHS disappears from high street as final stores close their doors
Administrators to the department store chain set to shut the last 22 of more than 150 branches
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Department store BHS is expected to disappear from the high street today as its last stores close, ending 88 years of British retail history.
Administrators to the department store chain are set to shut 22 stores, the last of more than 150 branches nationwide.
Duff & Phelps and FRP Advisory have already overseen 141 closures over recent weeks, including BHS's flagship Oxford Street store in London's West End.
The department store's collapse in April has affected 11,000 jobs, 22,000 pensions, sparked a lengthy parliamentary inquiry and left its high-profile former owners potentially facing a criminal investigation.
Retail billionaire Sir Philip Green has borne the brunt of the public fallout, having been branded the "unacceptable face of capitalism" by furious MPs.
Sir Philip owned BHS for 15 years before selling it to serial bankrupt Dominic Chappell for £1 in 2015.
Sir Philip has come under fire for taking more than £400 million in dividends from the chain, leaving it with a £571 million pension deficit and for selling it to a man with no retail experience.
Veteran Labour MP Frank Field has asked the Serious Fraud Office (SFO) to launch a formal investigation into the pair to ascertain if any criminal wrongdoing occurred during the sale of the chain and throughout their respective ownerships.
It has also emerged that Mr Field is probing Sir Philip's Arcadia retail empire, which includes Topshop.
Press Association
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments