Published On: Thu, Aug 4th, 2016

British retailer BHS to close its doors for good

Sir Philipe Green

 

All BHS Stores are due to officially close their doors by the end of the month. The last stores will cease trading by Saturday August 20.

Former BHS boss Sir Philip Green bought the chain in 2000 with the intention to make it a viable business but within the first year of operation Green sold the chain for just £1 to a group of investors.

 

Sir Philip Green screenshot

 

Followed the collapse of the retailer in May Sir Philip was facing pressures to be stripped off his knighthood and to fix the black hole the pensions “mess” that was left behind and fund after a joint report by two Commons select committees.

The two committees, Work and Pensions and Business, Innovation and Skills , accused the Arcadia Group’s owner of seeking to blame anyone but himself for the firm’s failure.

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