Philip Green Sells Its Chain Store BHS Transaction Nearly

According to multiple sources, British retail tycoon Philip Green has sold nearly BHS of its chain store chain. According to sources, Philip Green has been working hard to contact private equity funds and retailers in recent weeks to work late for the sale of BHS.

It is reported that the Christo Wiese of South Africa's rich businessman has shown interest in BHS, and the US private Holdings Company Apollo Global Management and Hilco are also interested in acquiring BHS. Analysts said that the British chain supermarket group Asda Group Ltd. Asda had the possibility of merger and acquisition.

Like Topshop, Topman and Miss Selfridge, and other famous British high street brands, BHS is affiliated with Arcadia Group Ltd. group, a majority shareholder of Philip Green. Philip Green bought BHS from Storehouse PLC in 2000 at 200 million pounds. BHS For a long time.

According to the data, its 2013 fiscal year pre tax loss of 69 million 900 thousand pounds, total income of 675 million 700 thousand pounds, a decrease of 3.5% over the same period. The net loss in fiscal 2014 expanded to 21 million pounds in the previous year's 19 million 200 thousand pounds. Philip Green In the Arcadia Group Ltd. holding company Taveta Investments Limited 2014 financial year performance report, pointed out that due to the continuous difficulties of the department store industry, BHS business has been a great challenge. The chain store now has about 180 stores and 12 thousand employees.

Last week, BHS general manager, sources said. Richard Price The company has left the company, and Tania Foster-Brown, Philip Green's long term public relations director, has resigned from joining the department store Selfridges as the marketing director.

Founded in 1928, British Home Stores (BHS predecessor) is one of the most familiar department stores in Britain. People know that not only does BHS have no debt, but also owns a lot of property, some of which are in the golden section of the Oxford Street Oxford street, which is the most valuable place for BHS.