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 to roll out convenience food offer to 25 stores

BHS has wasted no time in ramping up its turnaround plans, earmarking 25 stores to receive its new convenience food offer in coming months.

Lewisham and Camberley are set to open new food departments over the next two weeks and many others in the pipeline are “coming soon”. It follows the retailer’s company voluntary arrangement (CVA), which gained creditor approval on March 23.

The food range includes deals, such three bottles of wine for £10 and a “dine in for two” offer, designed to rival supermarkets and Marks & Spencer.

BHS food stores

BHS food stores

BHS food stores

A spokesman for BHS said it is on track with plans to raise £100m of new funding to invest in stores, online and its overall proposition.

The plan involves raising £30m from property transactions, £10m from withdrawing letters of credit and £60m as asset-based lending from Gordon Brothers.

“The £60m facility has been agreed and we are awaiting covenants,” said the spokesman.

The company is expected to remain in its Oxford Street flagship store in London until the end of the year, after the leasehold on the property was bought for an estimated £55m.

Oxford & City has acquired the flagship and agreed a pre-let to Polish retailer LPP, which trades under the fashion fascia Reserved, for 106,000 sq ft across the ground, first and second floors.


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.