The Malta Independent 25 April 2024, Thursday
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BHS Malta stores to remain open, no plans for expansion

Kevin Schembri Orland Tuesday, 30 August 2016, 10:38 Last update: about 9 years ago

The BHS stores in Malta will remain open, a representative of the Camilleri Group of Companies, who hold the franchise locally, told The Malta Independent.

BHS international, as well as the online side of the company, were bought by Al Mana, a company based in Qatar, he said. “Our four stores will remain open,”

The Camilleri Group of Companies representatives indicated however, that they have no intention of expanding around the island. “I think four stores are enough for Malta”.

The local stores are based in Valletta, Sliema, Birkirkara and Fgura.

BHS in the UK

BHS in the UK has just closed its last store, while a huge scandal surrounds its previous owner.

The British retailer was placed into administration in March, however failed to find a buyer. Dominic Chappell and Sir Philip Green have been criticised for mismanaging the chain and failing to protect the company pension scheme.

Sir Green, whose Arcadia Group owns Topshop and Miss Selfridge, purchased BHS in 2000 but sold it for £1 in 2015 to Dominic Chappell, a thrice-bankrupt former racing driver with no retail experience. It fell into administration in April this year, costing around 11,000 jobs and threatening the income of some 20,000 pensioners.

According to the Guardian, despite the department stores failings,  Green’s family were still big winners, taking out more than £580m in dividends, rental payments and interest on loans to help fund their lifestyle.

“Green’s reputation as the king of retail lies in the ruins of BHS. His family took out of BHS and Arcadia a fortune beyond the dreams of avarice and he’s still to make good his boast of ‘fixing’ the pension fund,” UK work and pensions committee chairman Frank Field told the Daily Mail. “What kind of man is it who can count his fortune in billions but does not know what decent behaviour is?”

Sir Philip Green, had docked his superyacht in Malta last July. He arrived in the Grand Harbour just hours before British MPs released a damming report on the collapse of BHS, in which they accused Green of “systematically plundering” the retail business.

Calls have been made for his knighthood to be removed.

Some British tourists on the island noticed it was him, and gave him the two-fingered salute as his boat sailed by.

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