Department store BHS is to be wound down, meaning the end of the road for the 88-year-old retailer. All of its 163 stores will close.
Here we look at the history of BHS from its establishment in Brixton, south London to its collapse on the High Street.
1928: A group of American entrepreneurs set up British Home Stores. The first store is in Brixton and nothing in the store costs more than a shilling (5p) - double that of rival Woolworths' maximum price of sixpence
1929: The store raises its maximum price to five shillings (25p) allowing it to sell home furnishings, including drapery
1970: The firm expands steadily in the post-war era - by the beginning of the year it employs some 12,000 workers in 94 stores across the UK
1985: BHS begins to franchise its brand to stores around the world, to which it supplies products and support
1986: The store merges with designer Sir Terence Conran's Habitat and Mothercare to form Storehouse Plc, and the "British Home Stores" name is replaced with "BhS", then "Bhs" and eventually "BHS"
2000: Retail billionaire Sir Philip Green buys BHS from Storehouse Plc for £200m
2002: BHS becomes part of the Arcadia empire, controlled by Sir Philip, when he buys the clothing group and its Topshop, Dorothy Perkins and Burton brands
2005: The store resurrects its "British Home Stores" branding, but it is losing ground to cheaper rivals like Primark
2015: Sir Philip sells the loss-making BHS for £1 to Retail Acquisitions led by Dominic Chappell, writing off £215m of debts in the process
2016: Struggling with debts of more than £1.3bn, including a pensions deficit of £571m, BHS files for administration. Failure to find a buyer means it will be wound down, with the loss of up to 11,000 jobs