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Mike Ashley to give evidence over BHS collapse

Sports Direct owner Mike Ashley is to give evidence to MPs over the collapse of BHS.

Mike Ashley

 

MPs have asked Ashley to present details to the work and pensions select committee of his failed attempt to save the troubled department store.

Ashley has agreed to give a written account of the events.

Earlier this week owner of Retail Acquisitions Dominic Chappell, who bought BHS for £1 from Sir Philip Green in March 2015, told MPs the Arcadia boss had blocked Ashley’s attempt to save BHS from liquidation at the eleventh hour, which ultimately led to its demise and the loss of around 11,000 jobs.

“I went to see Mike Ashley at 4pm and we worked there for 24 hours straight, but once Philip found out it was Sports Direct we were talking to, he went absolutely insane,” said Chappell.

Chappell said Ashley was a “credible buyer” who would have safeguarded the stores and jobs, but only if the pensions regulator agreed that Sports Direct would not be liable for BHS’s pension liabilities.

Green is due to appear before the committee next week.

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