Following its sale last year by Philip Green for £1, BHS – with debts of more than £1.3bn, including a pension fund deficit of £571m – had limited options… Rents on top 77 stores unchanged, rents reduced to 'market levels' on next 47 stores and 10 months trial for the 40 least profitable outlets, all to no avail....
A detailed timeline is available on the BBC site
The key issue for NAMs is the extent of knock-on impact on other retailers that are battling under similar pressures...
In other words, time to check out the latest financials of your customer, and anticipate the inevitable, while your competitors dismiss the BHS issue as ‘another trade sector, nothing to do with us…’
A detailed timeline is available on the BBC site
The key issue for NAMs is the extent of knock-on impact on other retailers that are battling under similar pressures...
In other words, time to check out the latest financials of your customer, and anticipate the inevitable, while your competitors dismiss the BHS issue as ‘another trade sector, nothing to do with us…’
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