By John Glenday

BHS is set to lose its battle for solvency later today after the department store chain’s 11,000 staff were informed in writing that the business was calling in administrators this morning after a last ditch effort to ‘secure a funder or a trade sale’ fell through.

Bosses had hoped to find a buyer for the struggling retailer with such as Sports Direct ready to swoop for the right price but a £571m pension black hole has proved too big a cost to swallow.

The decision to put the department store chain into administration brings forward the possibility that all 164 BHS stores Read full story ›

Source: The Drum