MPs focused on collapse of retailer

Advisers to give evidence on Bhs inquiry

British Home Stores BhsPartners from a number of accountancy and law firms will give evidence to MPs next week into the collapse of Bhs.

The Business, Innovation and Skills Committee, together with the Work and Pensions Select Committee, are investigating what went wrong at the former high street champion.

On Monday the inquiry will focus on the role of advisers and the scope and nature of their advice on the retail chain’s pension arrangements and the sale and purchase of the company.

Deloitte’s Tony Clare, KPMG’s David Clarke and PwC’s Richard Cousins will give evidence alongside representatives from law firm Nabarro partner Ian Greenstreet, and Emma King, a partner at Eversheds.

Appearing at a second session will be Owen Clay, a partner at Linklaters, Steve Denison, partner at PwC, and Anthony Gutman, co-head, EMEA investment banking services at Goldman Sachs.

Four executives of Arcadia Group – Ian Grabiner, chief executive; Paul Budge, finance director; Chris Harris, group property director; and Gillian Hague, group financial controller, will also be grilled.

On Wednesday the committees will question the advisers to Retail Acquisitions on the acquisition of Bhs. The Committees will also question BHS Pension Fund Trustees on Wednesday.

On 8 June, the MPs turn their attention to the BHS management, the RAL Board, and Dominic Chappell who bought the chain for £1 from Sir Philip Green, who will face MPs on 15 June.

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