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Mike Ashley vows to save BHS and protect jobs

Sports Direct boss Mike Ashley has vowed to save BHS and protect stores and staff, in a new bid for the chain he confirmed this weekend.

Ashley was in talks to acquire the department store chain last weekend but the deal fell through and BHS collapsed into administration on Monday.

He told The Telegraph: “Any continuing interest that we have in BHS would be on the basis that we would anticipate that there would not be any job losses, including jobs at head office, and that all stores would remain open.”

Administrators from Duff & Phelps have received more than 50 expressions of interest in acquiring some or all of the business, from prospective buyers such as Edinburgh Woollen Mill founder Philip Day, Co-operative Group chairman and former Asda chief executive Allan Leighton, and South African retail billionaire Christo Wiese.

Meanwhile, Sir Philip Green’s wife, Tina, is set to give evidence to MPs in relation to the sale and subsequent collapse of BHS, the Sunday Times reported this weekend.

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