In March 2015, British Home Stores (BHS) was sold to Retail Acquisitions Ltd, a consortium led by former racing driver Dominic Chappell, for a nominal sum of £1. This sale was made by Sir Philip Green, who had owned the department store chain through his Arcadia Group since 2000. The retailer went into administration in April 2016, shortly after the sale.
Retail tycoon Sir Philip Green and his wife secretly splashed out on luxury property as a chain of stores they had owned headed for collapse, leaked documents reveal. The couple spent tens of millions after selling the BHS chain which went bust with a huge hole in its pension fund.
The name “BHS” feels like a distant memory for UK shoppers nowadays. The now-defunct department store closed its doors for good in 2016 after going into administration. Its former owners were criticised for mismanaging the chain and failing to protect the company's pension scheme.
MPs voted in favour of stripping Green of his knighthood. The billionaire tycoon owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015.
Philip Green is no longer a billionaire after the Topshop tycoon's fortune halved over the past year, according to the Sunday Times rich list. Green and his wife, Tina, have fallen from 66th to 156th in the annual rankings after their fortune dropped by £1.05bn to £950m.
The controversial businessman Sir Philip Green sold the BHS business to dodge responsibility for its insolvent pension schemes if the firm should go bust, says the Pensions Regulator. The claim is made by the regulator in its report on the sale of BHS in 2015 and its collapse a year later.
He owned the high street clothing retailers Topshop, Topman, and Miss Selfridge from 2002 to 2020. In May 2023, his net worth was estimated by the Sunday Times Rich List to be £910 million. Green was the chairman and chief executive of Amber Day from 1988 to 1992. In 1999, he acquired Sears plc.
He currently lives between London and Monaco and spends time on his gigantic yacht, the “Lion-heart”, valued at $100 million. He is a supporter of the Conservative Party.
No, Selfridges is no longer owned by the Weston family; they sold the Selfridges Group (including Selfridges UK, Brown Thomas, Arnotts, de Bijenkorf) to a joint venture between Thailand's Central Group and Austria's Signa Holding in late 2021. Following Signa's financial troubles, the Public Investment Fund (PIF) of Saudi Arabia acquired Signa's stake in late 2024, forming a partnership with Central Group, which now holds a majority stake.
Tom Morris primarily owns Home Bargains, the hugely successful UK discount retailer, through his company TJ Morris Ltd, making him one of the UK's richest billionaires; he also has significant personal assets like a private jet and superyacht, and is involved in large-scale property development through his firm Davos, notes The Telegraph and This is Money.
Before Sir Philip Green sold BHS he started trialling little c-stores. Now, post-sale to Retail Acquisitions (for £1), those c-stores have become a central part of the turnaround being led by energetic CEO Darren Topp, with Booker as its supply partner.
British Home Stores collapsed led 11,000 employees to lose their jobs and faced substantial cuts to their pension with a £571 million pension deficit. In light of the BHS scandal, the UK Government has proposed a set of corporate governance reforms to strengthen the employee voice.
Sir Philip Green bought BHS in May 2000 for £200 million. He sold it to Taveta Investments (No. 2) Limited (Taveta 2), another Green family company, in July 2009 for £200 million. 8 Taveta 2 sold BHS in March 2015 for £1.
BHS failed due to a combination of strategic mismanagement, intense competition, underinvestment in its brand and stores, failure to adapt to online retail, and a massive pension deficit that crippled its finances, ultimately exacerbated by a controversial sale just before its collapse in 2016. Its identity as a generic, discount-focused retailer left it unable to compete with online giants and more agile competitors, creating a downward spiral of losses.
The "most popular" shop in the UK depends on the metric, but Tesco is often cited as the largest by sales and presence, while LEGO and Marks & Spencer (M&S) frequently top popularity polls for positive public opinion, with M&S leading in home/department stores and LEGO in overall retail brands as of late 2025/early 2026 data. Supermarkets dominate overall retail, with Tesco, Sainsbury's, Asda, and Aldi being major players, while Amazon leads online.
The former store of collapsed retail giant BHS has been bought by its former rival Next. The fashion and homewares retailer has snapped up the 25,000 sq ft unit in the Coopers Square Shopping Centre, relocating from its former home at the 8,5000 sq ft store on St Modwens Walk.
Related Stories. Savannah continued, ”Then she signed over custody completely.” “Everyone goes through their own life experiences. Chloe is living a much better life than she would have ever thought about living,” she added.
shared one of the family all together. Jeremy and Melissa were married from 2008 until their divorce was finalized in 2018. Melissa was with Jeremy the entire time he was locked up. After their split Jeremy went on to date billionaire heiress Chloe Green.
Tim and Veronica had been together and engaged for almost a decade and co-parenting Veronicas daughter Chloe until they parted ways. Veronica remained an essential part of Tims life even though they dated other people.
