Tag Archives: bhs

Caron Lindsay

BHS stores close today but pensioners face decades of pain

By Caron Lindsay | Sun 28th August 2016 - 10:45 am

Former BHS owner Sir Philip Green has been traversing the tranquil southern European seas in his humungous new £100 million yacht, staffed by a crew to cater for his, his family’s and his pets’ every need.

That might be fine if the flagship High Street chain was still going strong and if the pension funds were in a healthy condition.

Instead, nine decades of retail history comes to an end today as the final stores close. 11,000 workers lose their jobs and many will be facing the consequences of what a committee of MPs described as “the unacceptable face of capitalism.”

The Commons Work and Pensions Select Committee really didn’t mince its words about the demise of BHS and the culpability of its leadership:

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