Qataris take on large chunk of BHS' property portfolio and its website

 
Helen Cahill
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The Rescue Bid For BHS Fails Putting 11,000 Jobs At Risk
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The administrators selling off parts of the BHS empire have landed a deal for a large number of the embattled brand's clothing stores and its website.

Qatari group Al Mana, which already runs some of BHS' shops abroad, will take on 70 of the company's overseas stores.

Duff & Phelps was appointed to run BHS in April, and this is the first deal they have secured after announcing the company will not be sold as a going concern.

The sale will ensure BHS' creditors will see the return of some of their money - although it is still not known how much the Qataris have offered for their chunk of the British retailer.

MPs are still keen for Sir Philip Green to write a cheque to plug the hole in BHS' pension deficit.

Frank Field MP, chair of the Work and Pensions committee inquiring into the circumstances of the BHS sale, told BHS bosses giving evidence yesterday: "What's required is a very large cheque from the Green family, that have done so well out of the whole of this exploitation.

"The City is furious with your behaviour, the image you have put over, that business is not about creating jobs, about spreading wealth, it's about nicking money off other people.

"That is what we have seen, and we have got left very vulnerable pensioners and very vulnerable people trying to find a job in the labour market. Sir Philip could fix this today if he was serious."

Sir Philip Green responded to Field, saying: "Mr Field's outrageous today demonstrated yet again his clear prejudice against myself, my wife and my executives, who turned up for a second time."

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