24-04-2016 22:40 via uk.news.yahoo.com

UK retailer BHS on brink of administration - sources

Struggling British department stores group BHS is expected to go into administration, possibly as early as Monday, two sources with knowledge of the company's plans told Reuters on Sunday. Administration, a form of creditor protection, would endanger nearly 8,000 jobs and another 3,000 contractors working with the 88-year-old firm, which has 164 stores. If BHS does go into administration it would be Britain's most high profile high street collapse since mobile phone retailer Phones4U in Septembe
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