Struggling department store chain’s accounts show payment to consortium of financiers,lawyers and accountantsThe owners of BHS have taken a £8.4m loan out of the struggling department store chain, which is battling to slice costs by making hundreds of staff redundant and threatening to close up to half its shops.
The Guardian understands that accounts for BHS show a loan of £8.4m has been paid to Retail Acquisitions Limited, and a consortium of cramped-known financiers,lawyers and accountants. Related: BHS plans to accomplish 370 redundant in head office and shops Related: UK retail sector predicted to slice 900000 jobs Continue reading...
Source: theguardian.com