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BHS denies administration rumours

BHS has denied speculation that it is about to fall into administration, saying it is “business as usual”.

BHS

 

A spokeswoman from BHS told Drapers rumours that the department store chain could collapse this afternoon (April 22) were “inaccurate”. 

The retailer secured a company voluntary arrangement (CVA) last month after 95% of creditors approved the deal. The CVA asked landlords to accept a reduced rent of 75% or 50% on 47 of its stores and 25% rent on 40 of its stores.

Readers' comments (1)

  • darren hoggett

    If true, it would suggest that BHS cannot even honour the CVA agreement and industry experts have long since suggested that BHS has no real future. Suppliers will lose out as always, but they have had long enough to get out before the inevitable.

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