Liquidators for BHS have begun legal action against Sir Philip Green’s Arcadia retail empire.
Papers have been filed in the High Court by lawyers representing SHB Realisations, the holding company for BHS, which is now in the hands of restructuring firm FRP Advisory. In the documents, SHB is named as the claimant and Arcadia Group, Sir Philip’s company which is behind shops such as Miss Selfridge and Topshop, is the defendant.
No other details of the action, which was first reported in the Mail on Sunday, have been made public. After its collapse, BHS was placed into the hands of administrator Duff & Phelps, before FRP Advisory was appointed as joint administrator in July.
It was eventually appointed liquidator of BHS last December, meaning it is handling the sale of the retailer’s assets in order to pay creditors.