Sir Philip Green has escaped a ban from serving as a company director by the Insolvency Service over the deal to sell BHS for £1 in 2015, a year before the retailer collapsed.
However, Dominic Chappell, who led the consortium that bought BHS, faces a lengthy boardroom ban after a government inquiry into the collapse of the retailer in 2016, which led to the loss of 11,000 jobs.
Chappell and three other former BHS directors have been told by the government agency that they could face bans of up to 15 years, the maximum ban the service can impose.
Confirming the decision, the Insolvency Service said: The Insolvency Service has written to Dominic Chappell and three other former directors of BHS and connected companies informing them th…
Read the full article at: https://www.theguardian.com/business/2018/mar/27/philip-green-escapes-company-director-ban-for-bhs-1-deal
