BHS news and archive

New audit rules could prevent companies like BHS and Arcadia Group from administration

After several high profile company collapses - from BHS to Arcadia to Debenhams - new audit reforms and corporate governance is meant to avoid company failures and safeguard British jobs in the future. The proposed reforms would break up the dominance of the “big four” audit firms and strengthen the UK’s position as a world-class destination for...

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Former BHS owner jailed for tax evasion

Dominic Chappell, the former owner of UK high street stalwart BHS, has been jailed for 6 years for tax evasion. BHS collapsed in 2016 just a year after former owner and current Arcadia boss Sir Philip Green offloaded the company in a controversial one pound deal to Chappell’s City investor Retail Acquisitions. The collapse resulted in the loss...