Sir Philip Green Sells BHS To Retail Firm

Sir Philip Green has sold loss-making high street chain BHS to a retail buyout vehicle for an undisclosed sum.

The tycoon, who owned the department store business for almost 15 years, had put it up for sale earlier this year after receiving a number of approaches.

He paid £200m for the-then British Home Stores in 2000 but recent annual losses had widened to £21m in 2013/14 from £19.3m the previous year.

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