London Retail Store Collapses Into Administration And Threatens 11,000 Jobs

Landmarks are frequently used in map illustrations to make it easier for a visitor to find a certain location. In London, however, landmarks were illuminated with giant flags printed with the slogan #SaveBHS in order to obtain some form of support for the 11,000 staff of a popular retailer. Why is there a campaign for BHS?

Sir Philip Green sold BHS to Retail Acquisitions a group of investors last 2015 for one pound but it was later found out that the retail store had a £571 million pension deficit. BHS is composed of 164 stores and 11,000 staff whose jobs hang in the balance until the Pensions Regulator can find a buyer. The social media campaign was planned to show support for the staff who have been with the store for 15 to 20 years.

The idea behind the hash tag #SaveBHS was to help the business find a buyer who will allow the whole staff to keep their jobs. Everybody has his fingers crossed hoping that a buyer will soon turn up to save the store. Campaigners are posting messages on social media so that something positive may come up and solve the predicament of the BHS staff.

BHS was once a popular retail store that collapsed into administration. Jobs were threatened with fears over retirement income. Its previous owner Sir Philip Green was reported to have increased his offer of contributing £80 million towards the pension fund but it cannot plug the shortfall. Retail consultant Phil Dorrell said that there is no retailer who will buy BHS wholesale.

Retail Acquisitions that bought BNS from its previous owner says that no one is to be blamed since the problem was a result of bad trading and not being able to raise enough money from the property portfolio.

On a lighter note, people will be too glad to get hold of a London City Illustrated Map that uses landmarks and popular buildings so that visitors will easily find their way along the streets of London. Illustrated maps are different from traditional paper maps because they are more aesthetically pleasing and artistic.

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