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Bhs Denies Speculation It Is Close To Collapse

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BHS is battling to raise £100m to pay staff wages and continue trading, with 10,000 jobs at risk at the struggling department store chain. The retailer is still trying to obtain emergency funding almost four weeks after creditors approved a survival plan that involved landlords accepting deep cuts to the rent on stores. BHS denied speculation on Friday night that it was on the brink of falling into administration. A spokesman said it was “business as usual” at the company and it was “on track” with talks over funding. Guardian

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If BHS is fecked they're all fecked, a big old dinosaur like that must own all its real estate and have feck all DEBT servicing obligations compared to its snazzier rivals.

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BHS is battling to raise £100m to pay staff wages and continue trading, with 10,000 jobs at risk at the struggling department store chain. The retailer is still trying to obtain emergency funding almost four weeks after creditors approved a survival plan that involved landlords accepting deep cuts to the rent on stores. BHS denied speculation on Friday night that it was on the brink of falling into administration. A spokesman said it was “business as usual” at the company and it was “on track” with talks over funding. Guardian

It is buisness as usual - BHS are a toal basketcase, and still are.

Does not matter if that tw.t Green 'sells' BHS to some delusional moron/stooge in an attempt to wiggle out of the pension liabilities.

Best retailer in the UK my ****. Just some tax dodgy market stall dick head.

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Guest BillyNI

It is buisness as usual - BHS are a toal basketcase, and still are.

Does not matter if that tw.t Green 'sells' BHS to some delusional moron/stooge in an attempt to wiggle out of the pension liabilities.

Best retailer in the UK my ****. Just some tax dodgy market stall dick head.

There really should be a 'like' button here :)

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Guest BillyNI

I thought BHS collapsed years ago.

It did and was bought by Phillip Green for £1. He is Mr Tax Dodge.

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Phillip Green - the **** - is now a "Sir"

Make of that what you will.

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That's the problem when people are spending more and more on rent/mortgages as a proportion of their income - less is spent on other stuff. It's an amazing fact. And there'll be plenty of BHS workers hoping for HPI forever for their own circumstances.....and be out of a job soon. And so it goes.

Edited by canbuywontbuy

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Nationalise it :)

BHS been around a long time. They let the British institution Woolies go, but what if Marks & Sparks ever got in that position?

Same assistance as the Steel plants could be getting?

10,000 jobs at risk - does that include off shore manufacturers in a sweatshop in the fareast? Regrettably they don't sell many 'Made in Britain' cardies anymore.

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Another zombie co being kept artificially alive.

Yep, by cheap credit and sweatshop labour.

The UK is full of people who think they are somebody due to a PPI funded 'deposit' on a leased German car.

So indirectly cedit gorged feckless Brits are also propping German manufacturing until the whole thing goes pop.

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If you want a shirt, or a pair of trousers, that are utterly washed out and shapeless after the first wash, there are cheaper places to go.

Thats BHS' problem.

Most mens clobber for sale in the UK these days is abysmal.

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The UK is full of people who think they are somebody due to a PPI funded 'deposit' on a leased German car.

nice quote, I might have to borrow that :)

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Article says Austin Reed also close to the edge. Actually bought a few nice shirts from them. They would have been expensive except the fact they had an almost permanent sale for the last few years.

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Article says Austin Reed also close to the edge. Actually bought a few nice shirts from them. They would have been expensive except the fact they had an almost permanent sale for the last few years.

I think you can insert any company that took on a retail rental over 10 years ago.

They are all fked.

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It is buisness as usual - BHS are a toal basketcase, and still are.

Does not matter if that tw.t Green 'sells' BHS to some delusional moron/stooge in an attempt to wiggle out of the pension liabilities.

Best retailer in the UK my ****. Just some tax dodgy market stall dick head.

What's amazing with Philip Green is that after the Amber Day fiasco he was still able to raise funds to buy BHS and Top Shop.

http://www.independent.co.uk/news/business/emperor-in-new-clothes-in-the-glory-days-amber-day-boss-philip-green-could-talk-the-city-into-1553869.html

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BHS been around a long time. They let the British institution Woolies go, but what if Marks & Sparks ever got in that position?

Same assistance as the Steel plants could be getting?

10,000 jobs at risk - does that include off shore manufacturers in a sweatshop in the fareast? Regrettably they don't sell many 'Made in Britain' cardies anymore.

To be honest, their stores on the high street will probably be occupied within a short space of time. The shop staff will be replaced by other shop staff (sometimes the same people), albeit without the pension entitlements.

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