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Sir Philip Green’s Arcadia Group to Hire 1,000 BHS Employees

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BHS

Topshop tycoon Sir Philip Green is to offer jobs in his Arcadia empire to 1,000 BHS staff.

In a case of too little too late, that’s less than 10 percent of the 11,000 workers that will lose their jobs when the bankrupt department store’s 163 locations close their doors for good by the end of July.

Green has been widely criticized for the collapse of the 88-year-old British chain, which entered administration in April (the U.K.’s version of Chapter 11) but failed to find a buyer.

Green had owned the chain for nearly 15 years when he sold it for one pound (less than $2) in March 2015 to Retail Acquisitions Ltd., a group of investors led by the twice-bankrupt Dominic Chappell, a former racing car driver with little to no retail experience.

During a parliamentary hearing last week, Green apologized to staff for selling the business to the “wrong guy.”

Insiders told the Evening Standard that he now intends to hire about 1,000 of the people already working at Arcadia concessions such as Dorothy Perkins and Wallis within BHS stores.

“Lots of work is going on from both sides to find BHS people jobs in Arcadia, including the fast tracking of interviews,” Tony Holdway, BHS marketing director, told the Standard.

Going-out-of-business sales are currently being held at all BHS locations as administrator Duff & Phelps winds down operations. It’s the UK’s biggest retail administration since Woolworths’ collapse in 2008.

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