Usdaw: BHS ‘close to administration’
BRITISH Home Stores (BHS) is set to collapse into administration and make up to 11,000 people redundant according to shopworkers’ union Usdaw.
Usdaw told the Star yesterday it was “very concerned” and that management had refused to comment since Friday, when in a notice on its web site BHS denied applying for administration and confirming it was trading as usual.
Retail Acquisitions, which took over the department store chain in March 2015, said only that the £160 million needed to turn BHS’s fate around had not been raised in time.
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