rollover Posted April 23, 2016 Share Posted April 23, 2016 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 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 23, 2016 Share Posted April 23, 2016 Well I'm convinced! Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 23, 2016 Share Posted April 23, 2016 Britain's booming economy Quote Link to comment Share on other sites More sharing options...
thewig Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted April 23, 2016 Share Posted April 23, 2016 One word: Primark Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
This time Posted April 23, 2016 Share Posted April 23, 2016 I thought BHS collapsed years ago. Quote Link to comment Share on other sites More sharing options...
Guest BillyNI Posted April 23, 2016 Share Posted April 23, 2016 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 Quote Link to comment Share on other sites More sharing options...
Guest BillyNI Posted April 23, 2016 Share Posted April 23, 2016 I thought BHS collapsed years ago. It did and was bought by Phillip Green for £1. He is Mr Tax Dodge. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 23, 2016 Share Posted April 23, 2016 Their shops are full of shyte. Quote Link to comment Share on other sites More sharing options...
ccc Posted April 23, 2016 Share Posted April 23, 2016 Phillip Green - the **** - is now a "Sir" Make of that what you will. Quote Link to comment Share on other sites More sharing options...
999house Posted April 23, 2016 Share Posted April 23, 2016 Shit company that doesn't do anything other shops don't do better. Good riddance. Quote Link to comment Share on other sites More sharing options...
papag Posted April 23, 2016 Share Posted April 23, 2016 Nationalise it Quote Link to comment Share on other sites More sharing options...
nome Posted April 23, 2016 Share Posted April 23, 2016 Another zombie co being kept artificially alive. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted April 23, 2016 Share Posted April 23, 2016 (edited) 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 April 23, 2016 by canbuywontbuy Quote Link to comment Share on other sites More sharing options...
frankief Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted April 23, 2016 Share Posted April 23, 2016 (edited) According wiki they have a franchised store in Ulaanbaatar in Mongolia https://en.m.wikipedia.org/wiki/British_Home_Stores Edited April 23, 2016 by stormymonday_2011 Quote Link to comment Share on other sites More sharing options...
ChewingGrass Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
reddog Posted April 23, 2016 Share Posted April 23, 2016 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 Quote Link to comment Share on other sites More sharing options...
reddog Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 23, 2016 Share Posted April 23, 2016 Is this the same as the banks saying 'nothing to worry about' ? Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
The Preacherman Posted April 23, 2016 Share Posted April 23, 2016 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 Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted April 23, 2016 Share Posted April 23, 2016 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. Quote Link to comment Share on other sites More sharing options...
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