A look inside BHS shows you why it's in such a mess
Oscar Williams-Grut/Business Insider
Retail billionaire Sir Philip Green bought the department store in 2000 for £200 million but sold it last year for just £1. By the time he sold it, the retailer had run up a pension plan deficit of £571 million and debts of £1.3 billion.
MPs are now desperate to find out who to blame for the chain's collapse, with most blaming either Green or Dominic Chappell, who bought the chain from him.
But amidst the row, there has been very little consideration of why BHS went bust. Is it just a case of online retail outpacing an old Goliath or are there other problems?
I went to my local BHS to take a look around the store and see. What I found was an unloved, drab store with a confused pitch that suggests BHS has failed to move with the times on pricing and fashion.
Check it out below.
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