South African tycoon leads potential BHS bidders
Leading the list of potential bidders is Christo Wiese, South Africa’s third richest man with a fortune estimated at around £2 billion. Others thought to be interested include US private equity firm Apollo and a number of retail turnaround firms, according to reports.
Green, whose empire also includes Topshop and Topman, Burton and Dorothy Perkins, bought BHS for £200 million in 1999. The chain has been weighed down by expensive leases and a pension fund deficit but is still a strong force on the high street with 180 stores and annual sales of £700m.
Wiese is believed to have put BHS at the top of his list of potential UK retail targets. He previously owned Brown & Jackson, which was the home for budget names such as Poundstretcher.