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Damning BHS report leaves Sir Philip Green under pressure - business live

Discussion in 'Market News' started by Lily, Jul 25, 2016.

  1. Lily

    Lily Forum Member

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    Should retail magnate lose his knighthood over the mistakes and “systematic plunder” that caused the collapse of BHS?


    7.41am BST

    Labour MP John Mann is leading the calls for Green to lose his knighthood:

    It remains an outrage that Philip Green has not been stripped of his knighthood and forced to pay back into the pension fund of BHS staff

    Re Philip Green etc: What an impressive politician Frank Field is. Thank goodness someone is getting on with the job.

    7.30am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    The big news this morning is that Sir Philip Green has been eviscerated by MPs over his handling of the BHS retail chain, which collapsed earlier this year.

    The Guardian front page, Monday 25 July 2016: Green’s reign at BHS torn apart by MPs pic.twitter.com/BppxkDoHyy

    “[Green’s] reputation as the king of retail lies in the ruins of BHS. His family took out of BHS and Arcadia a fortune beyond the dreams of avarice and he’s still to make good his boast of ‘fixing’ the pension fund.

    What kind of man is it who can count his fortune in billions but does not know what decent behaviour is?”

    Related: Sir Philip Green's reputation ripped apart in damning report on BHS demise

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