Sir Philip green: I just want to apologise to all the BHS people

Sir Philip Green gives evidence to the Business, Innovation and Skills Committee and Work and Pensio

Sir Philip Green gives evidence to the Business, Innovation and Skills Committee and Work and Pensions Committee at Portcullis House, London, on the collapse of BHS. PRESS ASSOCIATION Photo. Picture date: Wednesday June 15, 2016. Sir Philip has come in for criticism for taking £400 million in dividends out of the firm during his 15-year ownership, mismanaging the pension scheme and selling it to former bankrupt Dominic Chappell for £1 in 2015. See PA story CITY BHS. Photo credit should read: PA Wire - Credit: PA

Sir Philip Green has apologised to the staff of collapsed retailer BHS, saying that no one is sadder than him over the retailer's demise.

The Topshop billionaire is facing MPs from the Business and Pensions committees who are investigating the firm's failure.

He said: 'Nothing is more sad than how this has ended and I hope during the morning you will hear that there was no intent on my part for anything to be like this and didn't need to be like this.

'I just want to apologise to all the BHS people who are involved in this and have been involved.'

BHS's collapse has left a potential 11,000 jobs at risk and a £571 million pensions black hole.


You may also want to watch:


Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus