Portuguese consortium said to still be working on BHS despite closure

Thursday, 2 June 2016, 12:00 am

I'm very sad to read the reports about administrators to BHS failing to secure a rescue deal for the beleaguered store group.

However, I have one well-placed source that says the consortium led by Greg Tufnell, brother of former England cricketeer Phil Tufnell, is still working a plan to buy the chain despite reports administrators are planning to appoint Hilco to liquidate the company's assets.

So, perhaps the Tufnell consortium - said to be backed by the Soares dos Santos family - can still pull a rabbit out of hat.....

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Post Comment