BHS shops in Clydebank and Stirling to shut
firm which collapsed into administration has failed to find a buyer leading to closure of 163 stores UK wide
The shutters are set to go down for the last time at the BHS stores in Clydebank and Stirling this Saturday.
The firm collapsed into administration earlier this year and attempts to find a buyer have failed leading to the closure of all 163 stores UK wide putting 11 thousand jobs at risk.
Clyde News has been getting the reaction of shoppers in Clydebank:
The closures mark another milestone in the demise of BHS, which was sold by tycoon Sir Philip Green for ÂŁ1 last year.
Around 580 staff will be affected in the first 20 closures, although administrators say they will try to find temporary work for them in other BHS branches nearby.
There have been calls for Sir Philip to be stripped of his knighthood over the BHS saga.
He sold BHS to investors led by three times bankrupt Dominic Chappell in March last year.
But it collapsed in April when the chain’s pension black hole rocketed to £571m.
Some £423m was paid out in dividends from BHS in the first few years of Sir Philip’s ownership.
Taveta Investments, the company owned by his wife, Lady Green, told MPs the pension had a ÂŁ28m surplus at the time.