Select committee: Work and Pensions Committee

The sale and acquisition of BHS inquiry

Closed Opened 3 May 2016 Closed 3 May 2016
Inquiry scope (the committee's words)
MPs catalogue litany of failures culminating in 'at any cost' disposal of company and pension deficit to wholly unsuitable "chancer". In their report on BHS, the Work and Pensions and Business, Innovations and Skills Committees conclude that Sir Philip chose to rush through the offloading of a beleaguered high street institution, losing money and encumbered with a massive pension fund deficit, to a buyer who he was clearly aware was "manifestly unsuitable", with Sir Philip forced to finance the sale himself.

Where it stands

The inquiry is closed, opened 3 May 2016.

The committee has not published a report yet.