Key advisers on the £1 sale of BHS are being asked to reveal their fees June 1, 2016 The two key advisers on the BHS sale to Retail Acquisitions have today been asked to reveal their fees. The Work and Pensions select committee, which is overseeing one of the two inquiries currently examining the BHS fiasco, has written to representatives from accountancy firm Grant Thornton and law firm Olswang for more details on how [...]
Sir Philip Green admits he made “a bad call” selling BHS to Dominic Chappell June 15, 2016 Sir Philip Green has said he is working on finding a solution for BHS pensioners and claimed most of the buyers who came forward for the company wanted to put it into administration. There have been some testy exchanges as Green faces a grilling from MPs, with questions so far focussing on the advisers who worked with [...]
Beyonce and Topshop are about to launch their new sportswear brand Ivy Park March 31, 2016 Global superstar Beyonce has partnered with one of the best-known British brands to launch a new sportswear range. The pop star has teamed up with Topshop to create Ivy Park, a collection of fitness clothing, which will launch in two weeks. The products will be available in the UK at Topshop, Selfridges, JD Sports and [...]
Sir Philip Green leadership failure and personal greed led to collapse of BHS, MPs say July 25, 2016 Sir Philip Green is ultimately responsible for the failure of BHS, according to senior MPs who today publish the findings of a parliamentary inquiry in the retailer's collapse. The joint inquiry by the work and pensions select committee and the business, innovation and skills select committee found that Green's family became "incredibly wealthy" during their [...]
Bonmarche’s share price rises as it names Asda director Helen Connolly as new chief executive March 30, 2016 Bonmarche has named Asda director Helen Connolly its new chief executive, replacing Beth Butterwick at the helm. Connolly will take up the role at the womenswear retailer later this year. Bonmarche's share price rose almost two per cent on the news this morning. She is currently senior buying director for George at Asda, where she is responsible for all women's [...]
Parliament’s BHS inquiries: Everything you need to know May 18, 2016 Two parliamentary committees will come together for a second time next week as part of an ongoing investigation into the collapse of BHS. The Work and Pensions select committee and the Business Innovation and Skills select committee held a joint hearing last week, grilling the chief executives of the Pension Protection Fund and The Pensions Regulator over the [...]
No Man’s Sky review: Can this indie space explorer live up to its own galaxy-sized hype? August 10, 2016 No Man's Sky gives real thought to what it would be like to be marooned on an alien planet. What would it look like? How would it feel? British indie developer Hello Games has created an algorithm-based universe containing a mind-boggling number of planets to explore, far more than will ever be seen by human [...]
BHS was “crashed into a cliff” says top Labour MP and BIS committee chair May 2, 2016 BHS was "crashed into a cliff" by its owners, the chairman of the Business, Innovation and Skills (BIS) Committee, Iain Wright told the BBC this morning. Wright said the troubled retailer, which was placed into administration a week ago, was sold to "tried and untested people", referring to Retail Acquisitions, the consortium which bought BHS for £1 from [...]
Top City advisers to be grilled by MPs in wake of BHS collapse May 15, 2016 A string of top City advisers are set for a grilling over the BHS fiasco after being called to give evidence in front of MPs. The business, innovation and skills committee is currently running an inquiry into the sale and acquisition of BHS, which kicked off last week with a joint hearing alongside the work [...]
BHS administration filing could happen as early as Monday, just weeks after the struggling retailer secured a Company Voluntary Arrangement April 24, 2016 Struggling retailer BHS could be due to file for administration as early as Monday, the BBC has reported today. Such a move could potentially lead to the closure of its 164 department stores and put 11,000 jobs at risk. BHS used to be owned by retail tycoon Sir Philip Green and formed part of his [...]