British Home Stores ’ (BHS) has closed its flagship store at Oxford Street in central London, UK.

After the company's collapse in April, this is one of the 58 outlets to be closed over the next few days.

The recent weeks saw more than 105 stores being closed which were overseen by Duff & Phelps and FRP Advisory.

"Administrators failed to find a new buyer for the chain and had to put an end to its 88-year history."

Several shoppers at the Oxford Street outlet picked over the remaining stock, which was discounted by up to 80%.

Administrators failed to find a new buyer for the chain and had to put an end to its 88-year history.

Meanwhile, the previous owners of BHS are being investigated by the Insolvency Service, the Pensions Regulator, Financial Reporting Council, reported Retailgazette.co.uk.

BHS' previous owner Sir Philip Green sold the retail chain to Dominic Chappell for £1.

It is alleged that the two previous owners took several millions as dividends from BHS before it fell into administration earlier this year.