Former BHS owner Green invited to answer MPs questions over collapse
Former BHS owner Sir Philip Green has been invited to appear before two parliamentary committees to answer questions about the High Street chain’s collapse into administration.
Sir Philip owned BHS – which went into administration last week – for 15 years before selling it for £1 in 2015. The work and pensions and business committees have asked to question him.
Work and pensions committee chair Frank Field said MPs would ask “how and where money went out of the company”.
Last week BHS was put into administration amid falling sales, huge debts and a pensions deficit of £571m – putting around 11,000 jobs at risk.
Since then, Sir Philip has been criticised by some MPs for paying out large dividends while its deficit was growing.
Current owner Dominic Chappell, Tina Green – Sir Philip’s wife – and BHS trustees will also be invited to appear as witnesses before the cross-party committees.
Last week, the Work and Pensions Select Committee launched an inquiry into the collapse of BHS. Meanwhile, the Business, Innovation and Skills (BIS) Select Committee announced an inquiry into the sale and acquisition of the firm.