Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BHS makes redundancies following review

Around 15 people will be made redundant at BHS, following a consultation period that started prior to new owner Retail Acquisitions taking control of the department store chain.

In the second week of January, previous owner Arcadia decided 90 roles were no longer required across the business. On March 12, it was announced that Sir Philip Green had transferred control of BHS to the group of lawyers, accountants and financiers called Retail Acquisitions for £1.

A spokesman for Retail Acquisitions said the majority of roles had been redeployed within BHS, but approximately 15 positions are still in the final phase of redundancy. Drapers understands the affected roles are mainly service positions, including human resources and operations.

According to sources, Retail Acquisitions and BHS’s management, led by Darren Topp, have reassured staff the business will continue to operate “as normal”.

BHS has a total of 173 UK stores, of which 14 are dedicated home stores. The new owners have appointed property consultants to review the store portfolio and its structure, with 52 stores under review.

Retail Acquisitions is understood to be close to a sale of BHS’s main headquarters, Marylebone House, in a deal that would see it rented back to the retailer for two years rent free.

@Tara_Hounslea

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.