Sir Philip Green’s Bhs made annualised sales of £872m in 2005, though the fashion entrepreneur admits that profits are likely to fall sharply in 2006 as he invests in the business to compete with Marks & Spencer. During the year, the London company developed its homeware offer, spent £20m on revamping its stores and buying new ones and introduced the teen-clothing brand Tammy, which Arcadia, another Green company, had acquired as part of Etam UK. Green now plans to take a more hands-on role in buying.
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