Arcadia boss Sir Philip Green has confirmed he will attend a hearing in parliament today to give evidence over his sale of BHS to Retail Acquisitions in May 2015.
He had previously suggested he may refuse to attend due to concerns over the impartiality of Frank Field, chair of the work and pensions select committee, which is holding a joint inquiry with the business, innovation and skills select committee into BHS.
In an open letter yesterday, Green wrote: “I am disappointed not to have had a reply to either of my letters sent to Mr Field. I did not think or believe that those conducting a parliamentary process would or should express concluded views in such a public way before I have had the chance to appear before the committee.”
But he added: “Having given long and hard thought to the matter however, I have decided I will attend [on Wednesday] morning, hoping and trusting that the committee will give me a fair hearing.
“This will be the first and only opportunity I have had to tell my side of the very sad BHS story and I will do my best to answer all the questions put to me in an honest and open way.”
Green’s evidence session is due to begin at about 9:15am. Keep an eye on drapersonline.com/news and @Drapers for updates.