Arcadia to sell Bhs sites to Primark
By FashionUnited
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Sir Philip Green is in early talks to sell a batch of his Bhs stores to Primark as part of a cost-reduction
exercise across his Arcadia brands.It is the second group of stores he will have sold to Primark. Last year, Primark snapped up 10 Bhs leases. Green bought the clothing-to-homeware shops as British Home Stores from the listed retail conglomerate Storehouse for around £185m in 2000.
It was then a chain of around 160 outlets.