UK-based high street chain British Home Stores (BHS) has reportedly filed for administration, risking roughly 11,000 jobs.

Duff & Phelps have been appointed as administrators, reported BBC.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Last March, Retail Acquisitions acquired the chain stores from Sir Philip Green.

The company was reported to have been contemplating the closure of around 52 unprofitable BHS stores across Manchester, Leeds and Birmingham.

"Earlier this month, BHS sold the leasehold of its Oxford Street store for £50m."

Earlier this month, BHS sold the leasehold of its Oxford Street store for £50m, reported Financial Times.

Majority owned by Mike Ashley, retail firm Sports Direct had been holding negotiations to acquire several stores of BHS.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Financial Times quoted two people familiar with the matter as saying that Sports Direct had also been considering to purchase the company.

Owning 164 stores, BHS stated in its website on 22 April that despite some press speculation it is not in, nor has applied to go into administration.

However, administrators Philip Duffy and Benjamin Wiles of Duff & Phelps were quoted by Independent as saying that BHS had ‘no alternative but to put the group into administration to protect it for all creditors’.