BHS news and archive

Former BHS bosses to pay 110 million pounds to creditors

Dominic Chappell, the former CEO of collapsed BHS, and his colleague at the time Lennart Henningson have been ordered to pay 110 million pounds to creditors after they were found to have breached their corporate duties. The ruling comes eight years after BHS fell into administration, when it was said that the company owed creditors more than one...

BusinessFeatured

New audit rules could prevent companies like BHS and Arcadia Group from administration

After several high profile company collapses - from BHS to Arcadia to Debenhams - new audit reforms and corporate governance is meant to avoid company failures and safeguard British jobs in the future. The proposed reforms would break up the dominance of the “big four” audit firms and strengthen the UK’s position as a world-class destination for...

People

Former BHS owner jailed for tax evasion

Dominic Chappell, the former owner of UK high street stalwart BHS, has been jailed for 6 years for tax evasion. BHS collapsed in 2016 just a year after former owner and current Arcadia boss Sir Philip Green offloaded the company in a controversial one pound deal to Chappell’s City investor Retail Acquisitions. The collapse resulted in the loss...

Retail

A quarter of BHS stores still vacant four year after collapse

Four years after the collapse of former UK high street stalwart BHS, a quarter of its stores remain vacant, according to new research. In 2015, former owner Sir Philip Green offloaded the BHS retail group for just one pound to City investor Retail Acquisitions. BHS collapsed into administration the following year. Today, just under half of the...

Retail

Sir Philip Green sells BHS headquarters for 44 million pounds

Sir Philip Green has sold the former BHS head office in London for 44 million pounds to investment group Aprirose. The sale comes nearly four years after Green offloaded the BHS retail group for just one pound. The building was reportedly under Arcadia ownership since 2016. The former headquarters were situated in Marylebone House in central...