It has been reported that one of BHS’ international franchise partners has bought the group’s international and online assets.

Al Mana, which runs some of the company’s stores overseas, is believed to have bought over 70 stores and the company’s website, according to Sky News. The sale is expected to be confirmed on Friday although no financial details have been revealed. The deal is not expected to impact separate talks for the company’s head office and 164 UK stores.

The company, along with its former owners Sir Philip Green and Dominic Chappell, is currently the subject of a parliamentary inquiry.