BHS collapse: Sir Philip Green set to appear before MPs next week June 8, 2016 Billionaire retailer Sir Philip Green will be given the chance to present his side of the remarkable story of BHS’ collapse when he appears before MPs next week. The former BHS owner, who will answer questions from two Westminster committees, faced a wave of criticism during today's parliamentary sessions. Green sold the business to Retail Acquisitions, [...]
Dominic Chappell faces MPs’ questions on BHS collapse as retailer’s management appear at BIS select committee hearing June 8, 2016 Former BHS owner Dominic Chappell, the majority shareholder of Retail Acquisitions, which bought BHS for £1 last year from Sir Philip Green, is giving evidence on the retailer's collapse this morning. The business, innovation and skills (BIS) select committee has already heard explosive evidence about the sale of BHS to Retail Acquisitions and its subsequent demise – with [...]
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 [...]
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 [...]
Protesters target Topshop in Oxford Street demonstration against Sir Philip Green May 15, 2016 Protesters have targeted Arcadia and former BHS boss Sir Philip Green in a campaign over the Living Wage. Demonstrators disrupted the flagship Topshop store on Oxford Street on Saturday, bringing traffic to a standstill on the busy central London street. More than 100 protesters took part in the demonstration which moved down to another Topshop store towards Marble [...]
Operation Tabernula verdict: Two found guilty, three acquitted in insider trading case May 9, 2016 An ex-City banker and a former Topshop finance director were found guilty yesterday evening following a trial that is widely considered to be the most significant insider trading case in British history. Accountant Andrew Hind and former Deutsche Bank director Martyn Dodgson were convicted of conspiring to insider deal between November 2006 and March 2010, by a majority verdict. [...]
Forget Lemonade, Beyonce’s invested in a watermelon startup May 3, 2016 Beyonce is the latest celebrity to jump on the startup bandwagon, and is apparently crazy in love with watermelon. The superstar singer who recently released a new album called Lemonade and a new sports range called Ivy Park with Topshop, has put an undisclosed sum into World Waters which makes organic watermelon juice. “I invested in WTRMLN WTR [...]
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 [...]
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 [...]
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 [...]