May
23
Goldman Says It Warned Former BHS Owner About Suitor’s Finances
By-
Parliament investigates collapse of department-store chain
-
U.K. buyout group lacked retail experience, Goldman says
Goldman Sachs Group Inc. said it warned the former owner of collapsed U.K. retailer BHS that the investor who later acquired the department-store chain had a history of bankruptcy, as the iconic company’s breakdown and possible job cuts come under public scrutiny.
Anthony Gutman, co-head of European investment banking at Goldman Sachs, said during testimony in Parliament on Monday that he made “observations” to BHS owner Arcadia Group Plc in 2014 in an unpaid capacity, telling the retailer about the suitor’s financial history and lack of retail experience…
Goldman Says It Warned Former BHS Owner About Suitor’s Finances
