BHS Buyer Identified As Bankrupt Before Deal

Arcadia Group was warned three months before the doomed sale of BHS that one of the buyers, Dominic Chappell, had previously been declared bankrupt. A top banker at Goldman Sachs told MPs investigating the chain's subsequent collapse that his firm had made "observations", free of charge, to Sir Philip Green's Arcadia Group as early as December 2014. Anthony Gutman, co-head of investment banking services for Europe, said the concerns were related verbally to Arcadia's finance director,