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Wednesday, July 27, 2016

#BHSGate - Chickens Come Home To Roost

The Telegraph reports that Dominic Chappell, the former owner of BHS, will attempt to repair his battered reputation today after MPs damned him as the “most egregious example of individual greed”.

The former bankrupt has confirmed that he received a legal letter from Sir Philip Green, who has threatened Mr Chappell and three of his other Retail Acquisition directors with legal action following their disastrous deal.

Mr Chappell is flying back into the UK after consulting with his lawyers about the report. He said he would not be drawn on his views on a select committee report into BHS's collapse ahead of making a full statement on Wednesday.

Mr Chappell has admitted that he has made £2.6m from BHS.

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