BHS liquidation results in 50 job losses at the Southport Store

BHS liquidation results in 50 job losses at the Southport Store

BHS ‪Southport‬ will close down in the coming weeks after the company fell into liquidation this afternoon. Fifty staff have lost their jobs today, Thursday 2 June 2016.

Administrator Duff & Phelps said all 163 stores will be in close down sale mode over the coming weeks.

It added that whilst continuing efforts will be made by the administrators to sell stores, the jobs of 8000 members of staff are likely to go.

Southport MP John Pugh said : “This is the kind of scenario I have been warning against. The closure will leave a big hole in the town centre which as a prime site which will represent development opportunity for a more successful retailer- just opposite the railway station.

BHS was bought last year by a consortium called Retail Acquisitions for £1 from retail entrepreneur Sir Philip Green. The retailer has debts of more than £1.3 billion, including a pension fund deficit of £571 million.

The collapse of BHS would be the biggest retail failure since Woolworths folded in 2008 with the loss of almost 30,000 jobs.

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