Like well-known British high street brands such as Topshop, Topman, and Miss Selfridge, BHS was originally owned by Arcadia Group Ltd., which is majority owned by British retail tycoon Philip Green. Philip acquired BHS from Storehouse PLC for £ 200 million in 2000, and BHS's business has been extremely challenging. On March 23, 2015, Philip sold its chain department store group BHS to Retail Acquisitions for a symbolic price of £ 1, pushing it to the forefront RA Chairman Keith Smith stated that he will continue to inject capital into the department store in order to help it regain profitability. British Home Stores (predecessor of BHS), founded in 1928, is one of the most well-known department stores in the UK. The chain department store currently has approximately 180 stores and 12000 employees. Insiders have revealed that BHS not only has no debt, but also owns many properties, some of which are located in prime locations such as Oxford Street, which is BHS's most valuable asset.
