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xmoneyx
10 Jun 16 08:16
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Date Joined: 12 Jul 11
| Topic/replies: 59,911 | Blogger: xmoneyx's blog
Lady Green got £53m windfall from selling BHS HQ to Arcadia


Angry
Pause • Switch to Standard View BHS --capitalist parasites
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Report Zazu • June 10, 2016 9:08 AM BST
so? BHS is a business not a charity
Report xmoneyx • June 10, 2016 9:14 AM BST
they own arcadia
Report xmoneyx • June 10, 2016 9:18 AM BST
Marylebone House was not owned by BHS but controlled by Lady Green through a company called Wilton Equity Ltd, which is registered in the British Virgin Islands.

However, Arcadia bought the share capital in Wilton Equity for £53m, giving it ownership of the building. The company says the deal was conducted “on an arms length basis following advice received from a third party valuer”.

Arcadia is owned by Taveta Investments, whose shareholders include Lady Green, the Arcadia chairman Lord Grabiner, and other directors.
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