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Ashley in last ditch bid to save part of BHS business

13 June 2016 - Janet Bird

mike ashley

With the fate of BHS apparently sealed, it has now emerged that Sports Direct boss Mike Ashley has written to the department store chain's administrators in a last ditch bid to save part of the business.

A Sports Direct spokesman confirmed the company had "a continued interest in BHS" and had written to administrators Duff & Phelps "seeking to reopen a dialogue about saving a number of jobs and stores along with the BHS name".

The move came after Ashley told MPs at the Business Select Committee last week he "100 percent wanted to buy BHS".

It is expected Duff & Phelps will respond to Sports Direct by requesting a formal bid.

Former BHS owner Sir Philip Green is due to face MPs on Wednesday June 15 to answer questions about his handling of BHS and its sale to Dominic Chappell and his Retail Acquisitions consortium for just £1 last year.

As recriminations over the collapse of the business continue, a group of Conservative MPs have threatened to call for Sir Philip to be stripped of his knighthood unless he agrees to pour millions of pounds into the black hole of BHS' pension scheme.


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