Britain to fast-track investigation into BHS collapse

The British government on Tuesday ordered an investigation into the circumstances surrounding department store retailer BHS's collapse into administration last week. Business Secretary Sajid Javid has instructed the Insolvency Service to fast-track its inquiry, which will also specifically consider the extent to which the conduct of the directors of BHS led to its insolvency. BHS was placed into administration, a form of creditor protection, by owner Retail Acquisitions on April 25, putting the