A BHS store

LONDON — Sir Philip Green has broken his silence with regard to the collapse of the retailer BHS, which he sold last year, into administration.

Green has so far declined to comment about the five investigations that have now been launched into BHS and its pension fund deficit.

In a letter addressed to Frank Field and Iain Wright, co-chairs of the House of Commons Select Committee, who are conducting investigations, he said the press has run wild with the story, unfair allegations have been made and that witnesses in the probes may now be reluctant to give evidence.

Green noted “much inaccurate and misleading information about my actions in relations has been written in the press.” He stated he is willing “to assist inquiries by the committees that are genuinely intended to get the truth in a fair and balanced way and on the basis of actual facts.”

Green addressed the statements regarding his knighthood, stating that the firm was “leaping to conclusions before any evidence from any witness has been heard.” In the letter, he wrote that there was “no real attempt to run inquiries in a fair way and that the outcome was predetermined.” He requested that the firm “ceases the trial by media and that the inquiries will be conducted in a manner that is fair to all involved.”

Last week, WWD reported that after a round of last-ditch attempts to plug a 60 million pound, or $86.4 million, gap aimed at keeping the day-to-day business running, the new owners of BHS called in administrators Duff & Phelps, after declaring the U.K. equivalent of Chapter 11. It’s now up to them to sell the company, which has been in operation since 1928.

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