BHS prepares to relaunch as online retailer
BHS will operate under the new trading company BHS International Ltd as an online retailer
Failed British department store retailer BHS may be set to rise from the ashes and relaunch as an online retailer just one month after it disappeared from the high street.
In a notice on its website, BHS says it will return with all its usual apparel and home products with the addition of "stylish new ranges". No date, however, has been given for the relaunch.
It is understood BHS's former international director David Anderson has been appointed managing director of the new business, while former BHS head of tax and treasury Harry Carver will be finance director.
BHS's online and international businesses were purchased by Qatari-based conglomerate Al Mana in July. The retailer says it will now operate under the new trading company BHS International Ltd. The BHS brand, including worldwide IP, international franchising and all domain names, were all acquired by Al Mana for an undisclosed sum.
Al Mana says it intends to enhance the retailer's offerings, expand into new territories and develop the brand's online presence.
"The group's vast expertise, global reach and experience in retail will benefit this new acquisition into a steady and profitable operation," the company said in a statement.
"The British heritage of BHS is one of quality and value, we are confidant that with this acquisition such a legacy will grow and succeed in new markets. The potential growth opportunities are very exciting."
The retailer went into administration in April, at which time it operated 163 UK stores and 15 franchise partners. It also operated 72 stores in 19 countries including Saudi Arabia, Kuwait, Qatar, and Dubai. In June, the administrators announced plans to liquidate the BHS UK business, after more than eight decades of trading and with the loss of up to 11,000 jobs. The retail chain's final stores closed down last month.
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