BHS is to be liquidated with the loss of 163 stores after a deal to save the business fell through.
The administrators, Duff & Phelps, have said that although they received "multiple offers" for the sale of the business, none were able to complete a deal due to the working capital requires to secure the future of the company.
BHS is now one of a number of high street retailers to have gone bust since the recession , a list that included Woolworths, Blockbuster and Phones4U.
As a result of the wind down, all 163 shops, including the three in west London, will go into close down sale mode over the coming weeks, with the jobs of 8000 people likely to go, while a further 3000 non BHS staff jobs in the stores are also at risk.
Philip Duffy, Managing Director of Duff & Phelps and Joint Administrator said: "The British high street is changing and in these turbulent times for retailers, BHS has fallen as another victim of the seismic shifts we are seeing.
"The tireless work and goodwill of the existing management team and employees of BHS with the support of my team were not enough to change the fortunes of the company."