MPs vote to strip Sir Philip Green of his knighthood October 20, 2016 MPs have voted to strip Sir Philip Green of his knighthood. MPs have been debating the collapse of BHS in the House of Commons. The amendment to take Green's knighthood was supported by over 110 MPs. The vote is not binding, and the ultimate decision over his knighthood will be taken by the honours forfeiture committee. Read more: [...]
BHS administrators submit investigatory report on former BHS directors to Insolvency Service October 19, 2016 Pressure is mounting on Sir Philip Green ahead of a parliamentary debate on BHS' collapse as City A.M. has learned the BHS administrators have submitted an investigatory report on the retailer's former directors to the Insolvency Service. The report from Duff & Phelps on the conduct of former directors will remain confidential unless the Insolvency Service publishes its investigation. Ministers [...]
Sir Philip Green faces a fresh grilling when MPs debate BHS’ collapse next Thursday October 12, 2016 Sir Philip Green faces a fresh grilling from MPs when the House of Commons debates the collapse of BHS next Thursday. City A.M. understands the debate will focus on the BHS pension scheme and the damning report from MPs that labelled Sir Philip Green "the unacceptable face of capitalism". Read more: Sir Philip Green's Mediterranean superyacht renamed [...]
BHS ‘stripped to the bone’ and unable to plug its ballooning pension deficit, evidence to MPs shows June 19, 2016 BHS was unable to put money into its ballooning pension deficit as it was “being stripped to the bone” according to written evidence submitted to a joint parliamentary enquiry examining the collapse of the retailer. The minutes of meetings between the BHS pension trustees and Paul Coackley, the chief operating officer of Arcadia, show that [...]
Former BHS boss Sir Philip Green slams Pensions Regulator chief’s evidence to MPs May 11, 2016 Sir Philip Green yesterday slammed the evidence given by Pensions Regulator boss Lesley Titcomb to a group of MPs investigating the collapse of BHS. Green, former BHS boss and owner of Arcadia Group, said Titcomb's evidence to the work and pensions and business, innovation and skills committees was "incorrect". Titcomb told the committees in a [...]
Timeline: A blow-by-blow account of how BHS’ demise unfolded June 2, 2016 One of the biggest names on the UK's high street could be about to disappear, after its administrators began the process of winding it down. The news comes after a tumultuous few months for the retailer, which announced in April that it was entering administration – just over a year after it was sold for £1 by Arcadia [...]
Sir Philip Green is considering his options after the chair of a BHS investigation failed to meet a 24 hour deadline for an apology July 26, 2016 Retail tycoon Sir Philip Green is considering his options after Labour MP Frank Field failed to respond to Green's claims of defamation and a demand for an apology within 24 hours. That was over a day ago. Lawyers instructed by Green wrote to Field yesterday, claiming the chair of the work and pensions committee used a BBC interview to accuse [...]
Lord Stuart Rose interview: Former M&S boss opens up on the ill-fated Stronger In campaign and his 10,000 bottles of wine November 9, 2016 Lord Rose of Monewden knows how to do things in style. In the space of a 45-year business career he managed to navigate his way through more boards, bids, bust-ups and blow-ups than seems possible in a single lifetime, collecting a knighthood, then a peerage and a comfortable fortune on the way. More to the [...]
Sir Philip Green knighthood will be reviewed, Cabinet Office says July 22, 2016 Sir Philip Green may not be be able to use the prefix too much longer. The Cabinet Office have confirmed that his knighthood will be reviewed. Read more: Another 700 jobs at risk as more BHS store closures confirmed "A recommendation to cancel an honour is usually prepared by the department which drew up the [...]
Chairman of BIS select committee unimpressed by evidence given on BHS so far May 23, 2016 As the inquiry into the collapse of BHS continues today, chairman of the Business, Innovation and Skills Select Committee has said he is "not impressed" by the people who have given evidence so far. Iain Wright, Labour chair of the committee looking into the sale and acquisition of BHS, told BBC 5live's Wake up to [...]