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BHS to lease Oxford Street flagship to Polish retailer

BHS has reportedly agreed to lease part of its Oxford Street flagship to Polish retailer LPP for its young fashion chain Reserved.

One source told Drapers the deal was for one unit within the 252-258 Oxford Street store.

It is understood that BHS’s owner, Retail Acquisitions, is seeking to split the store into three separate units and sublet two of them to other retailers to boost revenue.

LPP’s portfolio also includes fashion brands Cropp, House, Mohito and Sinsay.

Reserved is LPP’s largest brand and comprises menswear, womenswear and kidswear. Prices range from £5 for a T-shirt to £60 for a parka.

 

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