Philip Green to integrate Bhs into Arcadia

LONDON Wed Feb 25, 2009 12:43pm GMT

Pedestrians walk past a Bhs store in central London, October 7, 2008. REUTERS/Alessia Pierdomenico

Pedestrians walk past a Bhs store in central London, October 7, 2008.

Credit: Reuters/Alessia Pierdomenico

Related Topics

LONDON (Reuters) - Retail billionaire Philip Green is integrating his Bhs department stores into his Arcadia clothing empire to make the businesses more streamlined and efficient, he said on Wednesday.

Green said logistics, property and finance functions would be consolidated and he would also press ahead with plans to include Arcadia brands, such as Burton, Dorothy Perkins, Evans and Wallis, in Bhs stores following a successful trial.

"This is work in progress. I believe we have the necessary skill and experience across the two businesses to make some strategic changes that will benefit the group as a whole, and further strengthen our position within the market place during a difficult retail climate," he said in a statement.

Bhs plans to open two more standalone homewares British Home Stores in Hull and Thanet in the autumn.

(Reporting by Mark Potter)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.