Sir Philip Green poised for BHS sell-off

Update: This deal has now gone through. Read the full details here.

 

Sir Philip Green (pictured above with TV star Holly Willoughby )is understood to be close to agreeing a deal to sell troubled department store chain BHS in a move that would break up his Arcadia empire. American hedge fund Apollo’s retail fund Alteri, and Matalan, have both been touted as potential buyers.