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Arcadia may block new BHS administrator

Arcadia is reportedly considering an attempt to block the use of a second administrator to BHS as it would be a waste of creditors’ funds.

BHS on Oxford Street

BHS on Oxford Street

BHS on Oxford Street

The retail group may raise a formal complaint at a public court hearing to approve the appointment of administrator FRP Advisory, Sky News has reported today.

The Pension Protection Fund requested the new administrator last month.

Duff & Phelps is the current administrator of BHS.

As previously reported by Drapers, 20 BHS stores will close this weekend. 

Arcadia declined to comment.

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