As the massive headwinds that the UK Department store sector is battling continue, we're seeing plenty of change taking place and one big change was confirmed on Thursday with a management buyout at Beales.
It has been two years since BHS' collapse yet half of the retailer’s former stores are still lying empty. The data, part of a new report by the Local Data Company, reveals the current state of the UK retail industry.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later.
A British parliamentary committee has asked billionaire Philip Green to "prove" why he thought retailer BHS could stay in business before it was sold in 2015 for a token one pound, before collapsing a year later.
The pensions of 9,000 employees of collapsed UK retail chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds of liabilities.