Sir Philip Green puts BHS chain up for sale

The billionaire, whose Arcadia empire also owns Burton, Evans, Dorothy Perkins and Topshop, has received a number of approaches for the retailer, according to reports yesterday.

Sir Philip Green, pictured with daughter Chloe in Topshop, which forms part of his Arcadia fashion empire. Picture: Getty

Latest available accounts at Companies House show that BHS, which employs about 12,000 people and has more than 180 stores across the UK, made a pre-tax loss of £69.6m in the 12 months to 31 August, but this was a dramatic improvement on the previous year’s £116m loss.

Green has been introducing food to BHS’s stores in a bid to take on the big supermarkets, and there is speculation that a grocery chain is behind one of the approaches for the business.

Arcadia did not respond to a request for comment last night.

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