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Dominic Chappell says he will ‘clear his name’ and buy back BHS

Dominic Chappell, boss of Retail Acquisitions who bought BHS for £1 in March last year, has said he will clear his name against allegations that he stripped £25m from the retailer and claims he is raising finance to buy the department store chain back.

BHS

BHS

BHS is sold by Sir Philip Green’s Arcadia for £1 to Retail Aquisitions

Chappell told The Daily Mail he will appear before a select committee of MPs to clear him of any wrong doing of the collapse of BHS, stating he only took money out of the firm to “pay for the wages of people like the chief executive.”

The former racing driver said he was in talks with backers from America, Canada and the UK to raise capital to buy BHS back, but he refused to say with who.

The select committee confirmed that Sir Philip Green will attend a hearing on the business’ sale and administration in June.

 

Readers' comments (2)

  • Where are all the psychotherapists when you need them?

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  • Funniest thing I have read in some time.

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