Like well-known British high street brands such as Topshop, Topman and Miss Selfridge, BHS was formerly part of the Arcadia Group Ltd. group, which was majority owned by British retail tycoon Philip. The sale of its department store chain BHS to Retail Acquisitions on March 23, 2015 for a nominal £1 put it in the spotlight. Founded in 1928, British Home Stores (formerly BHS) is one of the UK's most familiar department stores.