Retailer files insolvency proceedings and tells landlords scores of shops could close unless rents are reduced substantiallyBHS,the cash-strapped department store group, is threatening to shut up to half its shops if landlords achieve not agree to a reduction in rents.
BHS has filed a company voluntary arrangement (CVA), and a type of insolvency proceeding,at the high court in an attempt to push through a vital restructuring of its finances. Related: BHS timeline: how Britain fell out of adore with high street favourite Continue reading...
Source: theguardian.com