Monday 23 May 2016

BHS collapse: Sir Philip Green was warned about buyer, MPs hear

Goldman Sachs executive tells MPs that Arcadia was told Dominic Chappell had history of bankruptcies and lacked retail experience

Sir Philip Green’s retail business was warned before the sale of BHS that Dominic Chappell, the man who led the buyout, had a history of bankruptcies and lacked experience in the retail industry.

A key executive for Goldman Sachs told Paul Budge, the finance director of Green’s retail business Arcadia, about Chappell’s background in the run-up to the deal, MPs heard on Monday.

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