Ikea rumoured to be interested in taking over some BHS outlets

9 May 2016 - Janet Bird

ikea interested in bhs stores

Swedish furniture giant Ikea is rumoured to have registered an interest in taking over some of stricken department store BHS' outlets.

A report in The Times claimed Ikea has been in talks with BHS administrators Duff & Phelps and will act if a buyer for the whole business cannot be found.

Meanwhile, Sports Director founder Mike Ashley is still believed to be interested in putting together a bid for the entire BHS estate.

Billionaire Ashley told The Telegraph last week the bid he is preparing would save the jobs of BHS' 11,000 staff and keep all its stores open.

As recriminations over the collapse of BHS continue, former owner Sir Philip Green has agreed to appear before MPs to answer questions about his running of the former high street giant.

Having sold the company last year for £1, he now faces accusations that he removed millions from the company in dividend payments knowing the business was going to collapse.

The Government has told the Insolvency Service to fast-track its investigation into the company, rather than wait for administrators to finish their work first.

A parliamentary hearing, which will be overseen by the Work and Pensions Committee and the Business, Innovations and Skills Committee, will likely take place in mid-June.

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