UK: Charges send BHS to FY loss – reports
By just-style.com | 28 May 2010
- FY operating loss of GBP56.3m, versus profit of GBP15.2m
- Exceptional costs of GBP31.9m
- Hit by absorption into Arcadia empire
UK retailer BHS slid to a full-year loss of GBP56.3m (US$82.1m), hit by exceptional costs associated with a corporate restructuring and assimilation into owner Sir Philip Green’s Arcadia retail empire.
Press reports said BHS had incurred total exceptional costs of GBP31.9m last year, of which GBP10.1m was a write-off associated with its restructuring.
Arcadia refused to accede to just-style requests to release the figures.
Sectors: Apparel, Finance, Retail
Companies: Arcadia
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UK: Charges send BHS to FY loss – reports
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