Sir Philip sold BHS last year to the consortium Retail Acquisitions for £1
New claims emerge about the cash Retail Acquisitions extracted in their year of ownership of the business
It’s unclear whether BHS will honour vouchers that shoppers may be holding
Sir Philip Green suggests he has cut the cord with BHS after his £1 sale last year. But the Pensions Regulator has the power to pursuse former owners of businesses who it thinks have responsibilities to pension scheme members.
Retailer confirms it is selling its flagship Oxford Street store for £30m as it tries to raise around £100m to fund its turnaround
BHS owners Retail Acquisitions has asked landlords to slash rent by up to 50 per cent as 47 of its 164 stores
Landlords will be asked to consider reducing rents that are ‘too high for today’s market’
Exclusive: Nine months after it bought the troubled chain, Retail Acquisitions brings in Aidan Treacy as finance director
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Sir Philip Green, the tycoon behind the Topshop to Bhs retail empire, vowed his group would be debt-free in two years' time as he unveiled a "solid" 6.4 per cent rise in its profits yesterday.
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