BHS is set to return to UK high streets as a concession in regional department store group Beales.
Beales, which has just over 20 stores, has struck a deal with Quatari owner Al Mana group to trial concessions in nine stores and to roll it out more widely in the spring if it performs successfully over the golden quarter.
BHS entered administration in 2016 and went on to become one of the biggest corporate scandals in UK history, ruining the reputation of former owner Sir Philip Green, who sold it in 2015 for the nominal sum of £1 to bankrupt Dominic Chappell.
Its intellectual property and international operations were acquired by Qatari conglomerate Al Mana, which established online trading in the UK. It has, however, since pulled the plug on the website, closing it down in June.
“They are passionate about getting the brand back onto the UK high street, and so am I,” Beales managing director Tony Brown, who was formerly retail director at BHS, told the FT. “It’s an ideal marriage.”
1 Reader's comment