• Sir Philip Green Defends Payments to Staff of Failing BHS

Sir Philip Green Defends Payments to Staff of Failing BHS

LONDON — Sir Philip Green’s retail group Arcadia has defended extraordinary payments made to top staff after the collapse of BHS,  an investigation by the TV program Panorama has revealed. On Monday, the BBC’s weekly investigative current affairs program reported that Green made special payments to around 200 “favored” BHS staff, as the ailing company was going into liquidation earlier this year. According to Panorama, staff at BHS headquarters received more than 2 million pounds, or $2.9 million, after the company failed to find a buyer. As reported, the ailing BHS shut, with some 11,000 jobs lost and a gaping hole left in its pension fund. Green was the longtime owner of BHS, but sold it a year earlier to a consortium led by a twice-bankrupt businessman with no retail experience, Dominic Chappell. Green remained the largest creditor of BHS, and many of the clothing brands under his Arcadia umbrella were still sold there. An Arcadia spokesman responded to the program, which aired Monday night, with a letter signed by Darren Topp, the former chief executive officer of BHS. Topp is now ceo of the British accessories brand L.K. Bennett. In the letter, Topp said that BHS had reduced its headcount by more than 100 in January

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