Bhs boss won’t make bid on Safeway

BILLIONAIRE Bhs boss Philip Green was yesterday reported to have ruled himself out of the bidding for supermarket group Safeway.

The retail entrepreneur, who also owns the Arcadia fashion chain, is quoted in a British Sunday paper as saying he would not be making a bid after studying financial information on Safeway.

The report adds another twist to a long-running takeover saga as Trade and Industry Secretary Patricia Hewitt prepares her response to a Competition Commission inquiry into the four supermarket chains currently circling Safeway.