Now the pensions watchdog is taking a closer look at the rest of Green’s empire July 31, 2016 Sir Philip Green may have a fresh set of questions to answer, as the pensions watchdog has launched a probe into the Arcadia Group. The Pensions Regulator (TPR) is already looking at whether it can demand Green foots the bill for the blackhole in the BHS pension scheme. Now, The Sunday Times has reported TPR is investigating [...]
Fraudster who wanted to buy BHS denies he said Sir Philip Green avoided a sale to retail rivals June 28, 2016 Convicted fraudster Paul Sutton today denied that he said Sir Philip Green refused to sell BHS to a competitor who could have turned the business around. Evidence from Larry Verge, a partner at LEK consultants, who advised Paul Sutton on his business plan to acquire BHS, reveals Sutton said Green was "unwilling to sell out to [...]
Sports Direct’s Mike Ashley steps in for eleventh hour BHS chats June 12, 2016 Sports Direct's Mike Ashley is trying to reopen talks to save BHS from liquidation. A source told City A.M. that Ashley had written to the administrators in a bid to reopen a dialogue in a move that could save a number of stores along with the BHS name. City A.M. also understands that the administrators will be [...]
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 [...]