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BHS goes into administration

Dozens of jobs at BHS in Brighton are under threat Credit: ITV Meridian

Beleaguered high street department chain BHS will file for administration today, threatening thousands of jobs across the south.

A spokesman for the retailer said the 88-year-old business will call in administrators after being unable to secure a rescue package to save the firm. A formal announcement is expected just before noon.

Dozens of jobs at BHS in Brighton are under threat Credit: ITV Meridian

BHS was bought last year by a consortium called Retail Acquisitions for £1 from retail entrepreneur Sir Philip Green.

The retailer has debts of more than £1.3 billion, including a pension fund deficit of £571 million.