BHS' closure marks the biggest collapse in British retail since Woolworths closed its doors in 2008
All BHS stores will be holding closing sales over the coming weeks. Hilco Retail Services - the company in charge of the liquidation process - will look for buyers for the stores and the business's other assets.
Hilco's job will be to ensure that the stores continue to trade for as long as possible to allow the administrators to generate the biggest possible returns for creditors - those owed money by BHS. (SH)
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