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News Release

London

JLL UK Retail comments on BHS vote


​London, 23rd March 2016- Commenting on today’s vote by BHS creditors on a new rental plan, Damian Sumner, head of Retail Agency at JLL, said: “This vote will avert the threat of immediate administration that hangs over the chain, but will not ease the long term issues that BHS faces. Efforts have been made to broaden the retailer’s offering through food and selling of electrical goods, but the size and configuration of some of the stores has made it difficult for BHS to effect change through sub-letting to other operators without landlord assistance. To survive on the high street BHS can’t be kept on life support: Retail Acquisitions now need to be able to present a clear and viable plan as to how a large scale property restructure will allow a turnaround in fortunes.”