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BHS sized up for takeover

By FashionUnited

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BHS could soon become a foreign entity, as the affordable department store chain, part of Sir Philip

Green's Arcadia Group empire, has been sized up for a potential takeover.

South African billionair Christo Wiese is looking to acquire and add a slew of British businesses to his portfolio. With a personal fortune estimated at 2.2 billion pounds, Wiese, will have not difficulties in buying up British companies.

Wiese has formed an alliance with former Asda chief Andy Bond, who has been given the task of finding possible British acquisitions.

BHS