This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36123444
The article has changed 20 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| BHS 'could file for administration' threatening 11,000 jobs | BHS 'could file for administration' threatening 11,000 jobs |
| (35 minutes later) | |
| UK retailer BHS could file for administration as early as Monday, threatening 11,000 jobs, the BBC understands. | UK retailer BHS could file for administration as early as Monday, threatening 11,000 jobs, the BBC understands. |
| Sources close to the owners told the BBC that "things don't look good". | Sources close to the owners told the BBC that "things don't look good". |
| Talks are continuing with Sports Direct to buy some of BHS's 164 stores but it is understood any buyer would only do so if it did not have to take on its £571m pension deficit. | Talks are continuing with Sports Direct to buy some of BHS's 164 stores but it is understood any buyer would only do so if it did not have to take on its £571m pension deficit. |
| Last year BHS was sold by the entrepreneur Sir Philip Green for £1. | Last year BHS was sold by the entrepreneur Sir Philip Green for £1. |
| The firm employs 11,000 staff. | The firm employs 11,000 staff. |
| 'On track' | 'On track' |
| The loss-making chain store was bought by a little-known collection of financiers, lawyers and accountants. | |
| Last month the brand was rescued from the brink after creditors voted to accept a cut in the rent bill for about half of BHS's 164 stores. | Last month the brand was rescued from the brink after creditors voted to accept a cut in the rent bill for about half of BHS's 164 stores. |
| BHS denied speculation on Friday 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. | BHS denied speculation on Friday 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. |
| When the deal with landlords was approved in March, chief executive Darren Topp said he wanted the British public to give BHS a "second chance". | When the deal with landlords was approved in March, chief executive Darren Topp said he wanted the British public to give BHS a "second chance". |
| "We want to make it an iconic British brand again. We would like the British public to give us a second chance. Come and see our stores and you will be surprised," he said. | "We want to make it an iconic British brand again. We would like the British public to give us a second chance. Come and see our stores and you will be surprised," he said. |
| The first branch of British Home Stores opened in Brixton, South London in 1928. | The first branch of British Home Stores opened in Brixton, South London in 1928. |
| Consortium | Consortium |
| Despite last month winning the support of landlords to reduce rents at some stores, BHS warned that it needed extra funding to continue trading. | Despite last month winning the support of landlords to reduce rents at some stores, BHS warned that it needed extra funding to continue trading. |
| It had been due to announce a new £60m loan last week, but failed to do so, according to one report. | It had been due to announce a new £60m loan last week, but failed to do so, according to one report. |
| BHS was bought by billionaire Sir Philip Green for £200m in 2000, but he sold it last year for just £1 to Retail Acquisitions - a consortium of financiers, lawyers and accountants with no retail experience. | BHS was bought by billionaire Sir Philip Green for £200m in 2000, but he sold it last year for just £1 to Retail Acquisitions - a consortium of financiers, lawyers and accountants with no retail experience. |
| The retailer has debts of more than £1.3bn, including the pension fund deficit | The retailer has debts of more than £1.3bn, including the pension fund deficit |
| Are you a BHS employee or customer? Let us know about your experiences. Email haveyoursay@bbc.co.uk with your stories. | Are you a BHS employee or customer? Let us know about your experiences. Email haveyoursay@bbc.co.uk with your stories. |
| Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: |
| Or use the form below | Or use the form below |