Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

The Ivy owner Richard Caring owed ‘£850,000 following BHS collapse’

Richard Caring, a former BHS shareholder and the owner of restaurants and clubs including The Ivy, said businesses he owned were left with debts totalling more than £850,000 when BHS went into administration, in new evidence submitted to MPs.

The extent of Caring’s involvement is not yet known but the business man, who ceased to be a shareholder in BHS 10 years ago, said: “We have also been left with almost a million garments ordered for BHS for which we now no longer have a customer.” 

His letter was sent as he said he was unable to attend the joint select committee hearing on Wednesday this week.

Frank Field, chair of the work and pensions committee, and Iain Wright, chair of the business, innovation and skills committee, have since sent back a series of further questions covering Caring’s involvement with Arcadia boss Sir Philip Green, the dividends paid out of BHS during his time as a shareholder and why BHS ultimately collapsed earlier this year.

The two letters are attached.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.