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Qatar conglomerate Al Mana has completed a deal to buy the international and online operations of failed UK retailer BHS.
The Doha-based group, which currently has a franchise deal to operate some of BHS’s overseas stores, has agreed to purchase 72 shops in its international operations as well as the retailer’s online store.
Last month, administrators said they were unable to find a buyer for the entire business, and announced that the 163 UK-based stores will start to hold closing down sales, and its 8,000 staff likely to be laid off.
Internationally, BHS has 15 franchise partners operating 72 stores in 19 countries, with three retail outlets in Bahrain, as well as others in Saudi Arabia, Kuwait, Oman, Qatar, Dubai and Abu Dhabi.
The price paid by Al Mana Group, which also has franchise agreements with Harvey Nichols and Zara, has not been disclosed.
