Philip Green
Businessman
Philip Green
Businessman
Can you not look at me like that?
- Thursday, 16 June 2016
The Philip Green inquiry into the collapse of British Home Stores (BHS) in 2016 was a highly publicized investigation by the UK Parliament, scrutinizing the role of the retail tycoon in the demise of the company. After selling BHS for just £1 to Dominic Chappell, a businessman with no retail experience, the company went into administration, leaving a £571 million pension deficit and affecting thousands of employees. The inquiry, led by MPs, accused Green of neglecting his responsibilities and prioritizing personal gains over the welfare of BHS workers. As a result, he faced significant public and political pressure, ultimately agreeing to pay £363 million to help fill the pension deficit. The scandal damaged Green's reputation, raising broader concerns about corporate governance and the ethical responsibilities of business owners.
