Chain failed 1yr after sale

BHS

Green sold the struggling high street chain in 2015 for £1 to dubious investors with no retail experience, led by former bankrupt businessman Dominic Chappell.

A year later it went to the wall with 11,000 job losses and a £571million black hole in its pension fund.

After lengthy talks, and a wave of criticism, Green agreed a £363million settlement with pension regulators last year. There are questions over the rest of Green’s Arcadia empire, which includes the Topshop, Topman and Miss Selfridge chains and has 22,000 staff. The deficit in Arcadia’s two pension funds was said to have stood at nearly £1billion in March 2016.