Norwich BHS poised to close for the final time
PUBLISHED: 16:42 22 August 2016 | UPDATED: 16:42 22 August 2016
Archant Norfolk 2016
The BHS store in Norwich will shut its doors for the final time on Sunday.
The shop is one of 35 remaining department stores belonging to the doomed retailer.
All remaining BHS staff will be made redundant while the futures of those who work for in-store concessions, and are not employed directly by the company, is less clear.
Administrators Duff & Phelps and FRP Advisory have already overseen 128 closures over the past weeks, including BHS’s flagship Oxford Street store.
The department store’s collapse in April has affected 11,000 jobs, 22,000 pensions, sparked a lengthy parliamentary inquiry and left its high-profile former owners potentially facing a criminal investigation.
Retail billionaire Sir Philip Green has borne the brunt of the public fallout, having been branded the “unacceptable face of capitalism” by furious MPs.
Sir Philip owned BHS for 15 years before selling it to serial bankrupt Dominic Chappell for £1 in 2015.
Sir Philip has come under fire for taking more than £400 million in dividends from the chain, leaving it with a £571 million pension deficit and for selling it to a man with no retail experience.