Former BHS owner Arcadia Group agreed to protect business

Sir Philip Green’s company insisted on three protective covenants before selling BHS to Retail Acquisitions, the Guardian understandsRetail Acquisitions, the former owner of BHS, pledged to keep all funds in the business and plough any proceeds from the sale of the group’s properties into its day-to-day running until a deal had been struck on the future of the BHS pension scheme, the Guardian understands. Related: How Britain fell out of love with BHS – timelineContinue reading