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| BHS expected to file for administration on Monday | BHS expected to file for administration on Monday |
| (35 minutes later) | |
| High Street retailer BHS is expected to file for administration on Monday, threatening almost 11,000 jobs. | High Street retailer BHS is expected to file for administration on Monday, threatening almost 11,000 jobs. |
| 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". |
| A spokesman said a statement was expected "about BHS's future", but he declined to give more details. | A spokesman said a statement was expected "about BHS's future", but he declined to give more details. |
| Talks are continuing with Sports Direct to buy some of BHS's 164 stores, but it is understood any buyer would do so only 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 do so only if it did not have to take on its £571m pension deficit. |
| Last year, BHS was sold by the retail entrepreneur Sir Philip Green for £1. He had bought the chain for £200m in 2000. | Last year, BHS was sold by the retail entrepreneur Sir Philip Green for £1. He had bought the chain for £200m in 2000. |
| Its new owners, Retail Acquisitions, said they would deliver £160m of funding to help turn around the fortunes of the chain, but have not been able to raise the sum. | Its new owners, Retail Acquisitions, said they would deliver £160m of funding to help turn around the fortunes of the chain, but have not been able to raise the sum. |
| Business Live: BHS teeters on the brink | Business Live: BHS teeters on the brink |
| Shopworkers' trade union Usdaw said it was "seeking urgent clarification from the company". | Shopworkers' trade union Usdaw said it was "seeking urgent clarification from the company". |
| It also called on BHS to begin a dialogue "at this difficult and worrying time for staff". | It also called on BHS to begin a dialogue "at this difficult and worrying time for staff". |
| 'A bit dated' | |
| Phil Dorrell, a retail analyst, told the BBC that going into administration "doesn't mean the stores close today, it means a buyer is sought". | |
| The likelihood is BHS will be sold off "store by store" and "that probably means the name will disappear", said Mr Dorrell, managing partner at Retail Remedy. | |
| "The problem is their trading offer is in the 1980s," he said. "Their stores look a bit dated. They are behind the times." | |
| Last month, the brand was rescued from the brink after creditors voted to accept a cut in the rent bill for about half of its 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 its stores. |
| Analysis: Joe Lynam, BBC business correspondent | Analysis: Joe Lynam, BBC business correspondent |
| BHS simply didn't change - or at least didn't change fast enough - while retailers all around them did. | BHS simply didn't change - or at least didn't change fast enough - while retailers all around them did. |
| Britain has the most competitive and dynamic retail environment in the world, which attracts shoppers globally. Consumers here expect more, and they get more from nimble players such as Primark, Zara and M&S. | Britain has the most competitive and dynamic retail environment in the world, which attracts shoppers globally. Consumers here expect more, and they get more from nimble players such as Primark, Zara and M&S. |
| BHS could also have changed a decade ago - as online shopping came to the fore - but it missed that boat as well. | BHS could also have changed a decade ago - as online shopping came to the fore - but it missed that boat as well. |
| So, barring a last minute miracle, BHS will have new owners soon. | So, barring a last minute miracle, BHS will have new owners soon. |
| But in the worst case scenario it will go the same way as Woolworths and Comet and disappear from the High Street. | But in the worst case scenario it will go the same way as Woolworths and Comet and disappear from the High Street. |
| When the deal was approved, chief executive Darren Topp said he wanted the British public to give BHS a "second chance". | When the deal was approved, 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. |
| But despite the rent deal, BHS warned that it needed extra funding to continue trading. | But despite the rent deal, 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. | It had been due to announce a new £60m loan last week, but failed to do so. |
| Separately, Retail Acquisitions had been hoping to raise £100m from property transactions. | Separately, Retail Acquisitions had been hoping to raise £100m from property transactions. |
| They sold their Oxford Street lease in London for £30m but it was far less than they hoped for. And they also sold the lease on a Sunderland store to Sports Direct's Mike Ashley for £2m. | They sold their Oxford Street lease in London for £30m but it was far less than they hoped for. And they also sold the lease on a Sunderland store to Sports Direct's Mike Ashley for £2m. |
| 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. |
| 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. |
| Sir Philip Green and Sports Direct could be reached for comment. | Sir Philip Green and Sports Direct could be reached for comment. |
| BHS: A history of a High Street stalwart | BHS: A history of a High Street stalwart |
| 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 |