As struggling retail chain BHS teeters on the edge of insolvency, research by Opus into its financial dealings with Arcadia and Sir Philip Green’s family is used in a major Daily Mail feature. Our Business Risk Adviser, Nick is quoted:
“What is particularly hard to swallow is the dividends,’ says Nick Hood, who carried out the research. ‘£414 million was stripped out of the business, which only managed to make overall profits of a paltry £78 million during the 15 years under Sir Philip’s control.
‘No wonder BHS has ended up such a shabby High Street presence, starved of the investment needed to modernise its stores and beef up its pallid online offering.”
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