Abu Dhabi Royal Family Archives - The Retail & Hospitality Design Forum
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Abu Dhabi Royal Family

Ailing BHS close to selling Oxford Street flagship…

It has been reported that struggling high street department store, BHS, is planning to sell its flagship Oxford Street store to the Abu Dhabi royal family in a deal worth an estimated £55 million.

The retailer, which was founded in 1928 by Retail Acquisitions Ltd, is liaising with Lancer Property Asset Management – who already owns the freehold of the site – to close the multi-million pound deal on behalf of the royal family. After securing a company voluntary arrangement (CVA), the retailer is also currently in negotiations with US investment firm, Gordon Brothers, to acquire a £60 million loan.