The British Home Stores Pension Scheme: Privatised Looting?

17 Pages Posted: 26 May 2020

See all articles by Ian Clark

Ian Clark

Nottingham Trent University

Date Written: July 2019


On entering administration, British Home Stores owed its pension scheme £571 million—a significant employment relations issue of historical wage theft by investor–owner managers. The article locates ‘lawful’ looting of business assets in a framework that builds on Ackerlof and Romer's theory of bankruptcy for profit and connects this to an empirical narrative on business re‐structuring at British Home Stores towards administration.

Suggested Citation

Clark, Ian, The British Home Stores Pension Scheme: Privatised Looting? (July 2019). Industrial Relations Journal, Vol. 50, Issue 4, pp. 331-347, 2019, Available at SSRN: or

Ian Clark (Contact Author)

Nottingham Trent University ( email )

Burton Street
Nottingham NG1 4BU, NG1 4LN
United Kingdom

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