Home >

BHS Department Store Bankruptcy Soon Felt Alexander

2016/4/29 11:13:00 104

BHS Department StoreBankruptcyUKRetailing

Britain's retail industry, which has already been a difficult task, has recently been a hit.

Last year, Philip Green, the boss of BHS, a British chain store group, dropped off with an astonishing pound, but the new boss obviously overestimated her ability.

Recently, foreign media said

BHS department store

The new boss, Retail Acquisitions, can not raise enough working capital for it.

Therefore, if the bankrupt BHS is bankrupt, it will bring nearly 11 thousand jobs to the British retail industry.

In addition, BHS had negotiated a substantial reduction in its stores at the beginning of last month.

Selling stores

The failure of negotiations has resulted in the failure of BHS's last move.

However, even if he wants to connect BHS department store, he will be faced with a pension gap of 571 million and a debt pressure of over 700 million.

Therefore, BHS can revive this time, in addition to having a plate player, and a powerful fund holder.

Moreover, because last year's new boss failed to raise funds for BHS, at the same time, H&M, Zara and

Primark

The continued pressure of fast fashion brands on the retail industry also makes BHS's profits difficult.


  • Related reading

Chanel "Crystal Palace" Settled In Amsterdam To Play An Environmental Protection.

Instant news
|
2016/4/28 22:43:00
160

Shandong Ruyi Group Buys One After Another.

Instant news
|
2016/4/28 21:25:00
239

J.Crew CEO Asks For Advice From Customers, And Needs To Work Out Solutions.

Instant news
|
2016/4/28 20:17:00
27

Yoox Net-A-Porter To Be Married? New Shares Bought By Local Tyrants In Dubai

Instant news
|
2016/4/25 11:27:00
41

LVMH Finals Win The Hot Spot Of Choice For The Industry

Instant news
|
2016/4/24 22:39:00
34
Read the next article

New Recommendation For Cross-Country Running Shoes: Adidas Helps Boost Free Running.

Adidas outdoor launched a new Terrex Agravic BOOST cross-country running shoes and cross-country running equipment, Adidas help run free worry.