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Chappell’s bid for BHS

BHS-logoDominic Chappell, who ran BHS until its collapse, bought a Las Vegas shell company from a Russian businessman just before the retailer collapsed.

The deal sparked speculation that it was made in a move to buy BHS from administrators two weeks before they were appointed.

Chappell bought BHS for £1 from Phillip Green last year through Retail Acquisitions, and according to reports, said that he originally intended to use the shell company to secure long-term funding for BHS from the US.

Reports say he intended it to round up investors to buy back BHS.

According to the BBC, BHS has received around 50 expressions of interest in the company, for both the whole business as well as individual properties.

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