administrators news and archive

BHS international portfolio and online sold to Al Mana Group

London - Although collapsed department store group BHS is likely to fade from the British high street, it will live on overseas as its international portfolio has been acquired by a Qatari retail group. BHS administrators Duff & Phelps have confirmed the sale of the collapsed retailer overseas business and online operations to Al Mana Group. The...

Business|UPDATE

Sports Direct Mike Ashley outbid for BHS

Mike Ashley, owner of the UK's largest sporting goods chain, Sports Direct, is said to have been outbid in the race for collapsed high street retailer BHS. The billionaire is understood to have out in a "low-ball" offer for BHS, which was surpassed by rivals which include Philip Day, boss of the Edinburgh Woollen Mill and John Hargreaves,...

BusinessFeatured

Debenhams and M&S to gain from potential BHS break up

With the deadline for buyers bidding for the collapsed retail chain British Home Stores (BHS) having past, it only remains a matter of time until administrators Duff & Phelps announce the new owner. However, the lucky bidder would have to take over BHS entire UK 164 store network - including 40 loss-making stores - as well as the department...

Business|UPDATE

Matalan founder, John Hargreaves, linked to BHS rescue bid

The bidding war for BHS continues on as Yousuf Bhailok, property millionaire, has exited the bidding battle to take over collapsed high street chain BHS, clearing the way for John Hargreaves, founder of Matalan, to make his ‘mystery bid’ for the retailer. Hargreaves, who left school to found the discount retailer Matalan in 1985, is understood...

Business

Bank administrators let go of 35 head office employees

Deloitte, the appointed administrators of fashion retailers Bank, have revealed that 35 members of staff at the retailers head office in Bury, Lancashire have been made redundant, after the fashion retailer went into administration on January 5, 2015. The head office redundancies are the first to be made, as no employees at Bank's 84 stores have...