Bottom Shop

The demise of British Home Stores reminds a nation why it’s mad at the political and business establishment.

Once a fixture throughout the United Kingdom, British Home Stores is being liquidated. The bankruptcy of the nearly century-old home-goods retailer leaves 11,000 employees looking for work and 20,000 retirees worried that their pension fund will soon dry up. Retailers are struggling across the U.K., as middle-class shoppers embrace Internet delivery—when they’re spending money at all. BHS would have needed competent management and solid investment to thrive even in the best of circumstances.

Unfortunately, it had an opportunist at the helm.

  • mauser 98

    Home Camel…..natch

    • Jay Currie

      I think you win the thread, I think.

  • UCSPanther

    This sounds like the British version of the Crazy Eddie’s saga and the Enron saga. Unfortunately, it sounds like Phillip Green will get away scot-free with his crimes.

  • simus1

    Old style cash rich, high dividend, businesses not totally in hock to protective banks attract well spoken vandals. Got educated in that via a power company that sailed through the Great Depression and other crises with ease. Things changed for the worse very quickly when an up through the ranks nonentity with a lot of “Wall Street friends” became CEO.

  • k1

    What DEVELOPER wants the properties?

    The Gov’t falls if the people can’t afford to pay taxes so …
    the Leftists better start understanding the ‘markets’ so they can head these things off at the pass