Closing down sales starts at BHS
With the BHS rescue plan having failed at the 11th hour on June 2, the 88-year-old retail giant is starting a winding-down sale that will see one of the UK's best-known chains closing and up to 11,000 jobs being lost. The chain's administrators said that potential bidders for the chain had not been able to find enough financing to take it forward and that liquidation was the only option.
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