End of era as last BHS stores close

29 August 2016 - Janet Bird

bhs stores end of an era

The Bank Holiday weekend marked the end of a retailing era with the closure of the last remaining BHS stores.

Twenty-two stores closed their doors for the last time on Sunday, August 28, signalling the departure from Britain's high streets of one of its most well-known names.

The collapse of the 88-year-old department store chain in April sent shockwaves through the retail industry. In addition to the loss of 11,000 jobs, the demise of BHS affected 22,000 pensions and led to a parliamentary inquiry which placed the blame for the chain's predicament squarely on the shoulders of former owner Sir Philip Green.

MPs have demanded Sir Philip contribute £700m to the stricken BHS pension fund, which has a £571 pension deficit, and Labour MP Frank Field has asked the Serious Fraud Office to launch a formal investigation into Green and the former bankrupt he sold the business to for £1 in 2015, Dominic Chappell.

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