Opus research and comments on BHS quoted in the Daily Mail
March 26, 2016
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.”
Read more: http://www.dailymail.co.uk/news/article-3510128/A-100m-floating-gin-palace-pension-scandal-scupper-Sir-Topshop-Philip-Green-faces-calls-stripped-knighthood-buys-yacht-BHS-teeters-brink-bankruptcy.html#ixzz44BueQNhW
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