B&M Bargains Brothers Could Save A Doomed Southport Bhs

by
2nd May 2016

Photo: BHS flashes prices

B&M Bargains Brothers Could Save A Doomed Southport BHS

Hundreds of jobs at the Chapel Street, Southport store are at risk when the retail giant went into administration last week.

B&M  is said be to be mulling over a chunk of the 164 BHS stores, which plunged into administration last week

A B&M spokesman said: “As a matter of good business practice we will always look at good opportunities should they arise.”

The three Arora brothers sold shares in B&M worth £204million last July, leaving them with a £704million stake.

B&M caters mainly for bargain hunters who used to haunt their local Woolworths before it went bust.

Their range includes toys, health and beauty products, greetings cards and seasonal items.

Administrators will open the BHS books to potential buyers this week as the brothers make up their minds about making a formal bid.

bhs-southport

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