25-07-2016 21:48 via uk.news.yahoo.com

MPs blame Philip Green for BHS collapse

By Paul Sandle and James Davey LONDON (Reuters) - Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British MPs said, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year. Green called the lawmakers' report
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