The last BHS (British Home Stores) stores have closed after 88 years of trading as a High Street institution

The last BHS (British Home Stores) stores have closed after 88 years of trading as a High Street institution

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Business

University

Hard

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BHS, once a retail giant, is closing its stores, following in the footsteps of Woolworths. The closure affects 11,000 employees, raising concerns about their pensions. Philip Green, who owned BHS for 15 years, faces criticism for his handling of the pension deficit, especially after selling BHS to Dominic Chappell for £1. The pension deficit has grown, and efforts to resolve it are ongoing, with potential financial implications increasing over time.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the emotional impact on customers and staff due to the closure of BHS stores?

Relief from job stress

Excitement for new opportunities

Indifference towards the closure

Sadness and a sense of loss

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the retail billionaire involved in the BHS pension crisis?

Dominic Chappell

Sir Philip Green

Richard Branson

Alan Sugar

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was controversial about Sir Philip Green's actions during the pension crisis?

He increased employee salaries

He went on holiday in Greece

He opened new BHS stores

He donated to charity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To whom did Sir Philip Green sell BHS in 2015?

An experienced retail manager

A government agency

A successful retail chain

Dominic Chappell, a serial bankrupt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated increase in the pension shortfall mentioned in the final section?

10% or £50 million

20% or £100 million

40% or £200 million

30% or £150 million