british home stores news and archive

Dominic Chappell to face High Court lawsuit over BHS

Duff & Phelps, the administrators for collapsed department store chain BHS are set to file a lawsuit on Monday against Dominic Chappell, former owner of BHS. The administrators accuse Chappell, who is head of the Retail Acquisitions consortium which acquired BHS for 1 pounds from Sir Philip Green's Arcadia Group last March, of failing to...

Business

BHS secures cash injection

The new owner of BHS has secured a loan of around 65 million pounds from Grovepoint Credit as a cash injection to help them turn around the struggling high street store. Retail Acquisitions, which is backed by a number of investors, including brokers and lawyers, bought the loss-making department store from Sir Philip Green for 1 pound earlier...