3rd May 2016 06:02
LONDON (Alliance News) - Sports Direct International PLC founder Mike Ashley has resurrected plans to rescue collapsed department store retailer BHS, The Daily Telegraph reported, keeping open its store estate and saving thousands of jobs.
The Telegraph said Ashley, the deputy executive chairman of the mid-cap sports clothing and equipment retailer, was in talks about an eleventh-hour rescue of the BHS business just prior to the chain calling in administrators.
He was unable to agree a rescue deal, but said over the weekend the plans are still alive and his proposal envisages saving the entire BHS store chain.
http://www.telegraph.co.uk/business/2016/05/01/mike-ashley-ill-save-bhs-and-all-its-staff/
By Sam Unsted; [email protected]; @SamUAtAlliance
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