Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BHS secures new £10m loan from Gordon Brothers to roll out food business

BHS owner Retail Acquisitions has secured a loan from an American restructuring company in a bid to grow its food business.

According to Retail Week, Retail Acquisitions has agreed to borrow around £10m from a subsidiary of Gordon Brothers, the company that attempted to save Blockbuster from going bust, according to reports.

The cash injection will be used to roll out the BHS food business, which has been performing above expectations, The Times reported.

Back in September, the department store group unveiled a new-look store and logo in Watford, representing some of its plans for the future, particularly in food.

BHS enhanced its fledgling food offer by adding more SKUs to its range and launched a ‘2 Dine for £10’ meal deal – similar to the initiative already used by Marks & Spencer.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.