Failing businesses owe multiple debts

It’s unfortunate, but not unexpected news that retail giant BHS has had to call in the administrators – an all too common trend among time served retailers. Of those who haven’t crumbled like C&A or Woolworths, many (WHSmith for example) have been close. Understandably, a common pressure placed on businesses to perform is that of its shareholders. They’ve made a financial investment which failure will see them lose, and conversely if the business is successful they may make significant gains. But what about other types of investments made in businesses – of time, of careers, of people? Retail workers don’t deserve to be mistreated, as has been the case in the past, or to be tainted with the mark of failed enterprise. They certainly do deserve our sympathy. Continue reading “Failing businesses owe multiple debts”

Advertisements