Convicted Dominic Chappell ordered to repay at least £50m over BHS collapse LAW The man who bought BHS from Sir Phillip Green for £1 (one pound) has been ordered by a court to repay the administrators at least £50m over its collapse.
Former BHS directors hit with multi-million pound ‘wrongful trading’ ruling LAW In a landmark ruling, the High Court has delivered a damning verdict against the former directors of BHS Group, eight years after it collapsed
Labour pledge to overhaul audit and corporate governance regime UK Politics The Labour Party has said it will pass long-awaited legislation on audit and corporate governance reforms if it wins the next general election.
Sir Philip Green’s wife spent millions on London homes as BHS collapsed October 5, 2021 Sir Philip Green’s wife spent millions on London properties while thousands of employees working at now-collapsed BHS prepared to lose their jobs. Details of Lady Tina Green’s spending were laid bare in the ‘Pandora Papers – leaked offshore financial documents published by the BBC. Tina Green used a company located in the British Virgin Islands [...]
Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
Dominic Chappell evaded tax after buying BHS for £1, court told October 9, 2020 Businessman Dominic Chappell “dishonestly chose” to evade tax on the £2.2m income he received from buying failing retailer BHS for £1, a court heard yesterday. Chappell, who led BHS when it collapsed in 2016, is on trial at Southwark Crown Court on three charges of cheating public revenue relating to him and his bankrupt firm [...]
Ex-BHS owner Dominic Chappell ordered to pay £9.5m into pension scheme January 14, 2020 Former BHS owner Dominic Chappell has been ordered to pay £9.5m into the collapsed department store’s pension schemes. The Pensions Regulator (TPR) announced today that Chappell’s acquisition of BHS, the appointment of inexperienced board members and the implementation of an “inadequate” business plan were detrimental to the company’s pension schemes. Read more: BHS buyer Chappell [...]
BHS buyer Dominic Chappell banned from directorships for 10 years November 5, 2019 Dominic Chappell, the businessman who bought BHS from Sir Philip Green for £1 a year before the company collapsed with 11,000 jobs lost, has been barred from serving as a company director for ten years. Sky News first reported today that the Insolvency Service had handed the the three-time bankrupt the decade-long ban. Read more: [...]
Sir Philip Green told to plug Arcadia’s mammoth pensions deficit with his own cash May 24, 2019 Frank Field has weighed in on the row surrounding Sir Philip Green’s proposed restructuring of Arcadia, calling on the Topshop tycoon to guarantee his staff’s pensions with his own personal fortune. Read more: Arcadia to shut two dozen stores in radical rescue plan In a letter, the Work and Pensions Committee chair said Green should [...]
Sir Philip Green loses his billionaire status May 12, 2019 Sir Philip Green has lost his billionaire status, rounding off a torrid 12 months for the scandal-hit fashion mogul. For the first time since 2002, Green can no longer count himself a member of the billionaires club after seeing his personal fortune halve over the course of the last year. The Topshop tycoon and his [...]