NEWS

BHS seeks £70m funding

Published on: 24th August 2015

Retail Acquisitions, the new owner of BHS, is hoping to raise £70m to keep the business above water.BHS480

Stockbroker Keith Smith confirmed the news in a statement, saying: “We have said all along that we would refinance to help accelerate the turnaround plan for the UK business. Every penny raised will support the regeneration of our portfolio of stores, returning this iconic British brand to its rightful place on the high street.”

The move to secure new funding follows Retail Acquisitions revealing plans to regenerate the department store chain.

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