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Chappell to face High Court over BHS

Former owner of BHS Dominic Chappell is reportedly to be taken to High Court by the retailer’s administrators after refusing to cooperate with them since the business’ collapse.

BHS has launched a guerilla marketing campaign

 

Duff & Phelps is understood to be preparing legal action against Chappell after he declined to share information on BHS since it collapsed last month, according to The Sunday Times.

Meanwhile MPs on the Work and Pensions Select Committee are to examine the ties between Sir Philip Green, who sold BHS for £1 last March, and bank Goldman Sachs this week.

According to Sky News, Goldman Sachs provided informal advice to Green’s holding company, Taveta Investments, about the proposal to acquire BHS but was not incentivised to recommend that the deal went ahead - unlike the advisers to Retail Acquisitions, which bought the chain.

Frank Field, the Labour MP who chairs the Work and Pensions committee, told the news outlet he wanted to understand why the bank had agreed not to be paid for the advice it gave Green on BHS.

A deal deciding the fate of BHS is expected this week.

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