British Home Stores (BHS)
BHS's 2016 collapse after sale to serial bankruptcy specialist Dominic Chappell demonstrates how ownership changes can accelerate death. Philip Green sold the 88-year-old retailer for £1 to a man with no retail experience, who extracted £25 million before collapse. Like transferring a sick patient to a hospital that extracts organs, BHS was stripped rather than healed.
Key Leaders at British Home Stores (BHS)
Philip Green
Former Owner
Dominic Chappell
Owner
Key Facts
1928
Founded