MPs to quiz past BHS directors and advisers over its sale for £1 by Sir Philip Green
MPs will examine the role that BHS directors and advisers played before the retailer was sold for £1 last year by Sir Philip Green. It was bought by Retail Acquisitions, a vehicle led by Dominic Chappell, who had no retailing experience and had been declared bankrupt at least twice.
The MPs will also scrutinise the checks carried out on Retail Acquisitions before the deal was completed. Lord Grabiner, chairman of Sir Philip’s empire, will be among those attending.
The barrister and long-time associate of Sir Philip has agreed to attend the joint session of the Commons Business and Work and Pensions select committees on Monday afternoon despite stating he had “no involvement” in the talks that led to the BHS sale. Neither did he attend the board meeting that approved the deal.
is among those appearing before MPs on Monday
Business select committee chairman Lord Grabiner’s cousin, Ian Grabiner, is chief executive of Sir Philip’s Arcadia Group, which owns chains Iain Wright told BBC Radio 4’s Today programme that there were “real questions to answer” regarding the role of Sir Philip and of the wider Arcadia group, as well as the advice that they received in the run-up to the sale of BHS.
“We’ve not jumped to any conclusions whatsoever,” he said. “We’re going to listen very carefully to the answers from our questions and find out what the evidence suggests.”