Review of Sir Philip Green’s knighthood after BHS collapse

BHS went into administration when the chain’s pension black hole had rocketed to £571m.

Sky has reported the remaining stores in the region – Newcastle, the intu Metrocentre in Gateshead, Durham, Middlesbrough, and Sunderland – are among the remaining 114 BHS shops which will close in August, making 5,000 staff redundant are set to close by the end of August.

The campaign to have Sir Philip Green’s knighthood removed has been boosted today after the Cabinet Office confirmed that it was reviewing the situation.

“Applications for forfeiture are considered by an independent committee”.

He told a Commons inquiry committee last month that he would “fix” the pension problem at BHS. That would leave a small number of members who could transfer to a new scheme, potentially knocking hundreds of millions of pounds off Green’s bill.

Sir Philip Green may not be be able to use the prefix too much longer.

Now up to 11,000 workers face the axe if no buyers for the others stores are found, although Sir Philip has offered jobs to around 1,000 staff in his other high street chains.

About 3000 of the total workforce were employed by concession operators in BHS stores, including those run by Sir Philip’s Arcadia Group.

The confirmation will come on the same day as MPs on the Commons work and pensions committee publish a report that is expected to strongly criticise the actions of the former BHS owner Sir Philip Green.

He dismissed as “nonsense” the suggestion that he had intervened to prevent a rescue deal involving the Sports Direct tycoon Mike Ashley.

FRP was appointed at the instigation of the Pension Protection Fund, BHS’s biggest unsecured creditor.