23 May 2024, 04:12
By Furniture News Mar 16, 2015

BHS sold for £1

Sir Philip Green has sold fashion and homewares chain BHS to a group of City investors for £1.

The high street landmark has struggled against competition from modern fashion stores such as Primark and H&M.

BHS has lost almost 800,000 shoppers in the past five years, and quoted a loss of £70m last year.

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