The administrators to BHS have sold the retailer’s online and international operations to a Qatari group for an undisclosed amount.
Al Mana, which runs some of BHS’ overseas shops under a franchise deal, has agreed to acquire more than 70 stores as well as its website, reports Sky News.
BHS had opened stores in Mongolia, Libya and 17 other countries by the time it collapsed last year.
It is unclear what impact the sale would have on the 11,000 staff who work in BHS’ head office and 164 stores across the UK.
The collapse of BHS in April has led to several inquiries and former owner Sir Philip Green being called before MPs to explain his decision to sell BHS for £1 last year and the £400m taken out in dividends over four years.