Thousands of jobs at risk as BHS seeks rent cut for viable stores

The owners of struggling British high-street retailer, British Home Stores (BHS) may have to shut a quarter of its current stores if landlords are unwilling to work with them on a rescue deal to lower store rental fees, which places numerous jobs at risk. Together with advisor KPMG, BHS has proposed a radical restructuring of its store estate in order to keep viable stores open.