Green acted like a rat on a sinking ship
It's strange that no one seems to be asking Sir Philip Green the obvious question over why he sold BHS for £1. Was it because that is all it was worth?
In which case, this titan of retail had somehow managed to turn a business he paid £200m for into a one that was worthless.
If that was the case, perhaps he could explain why he thought a purchaser with no retail experience whatsoever - and very little, if any, of the required finances - could turn the business around, thereby achieving what Sir Philip, with his extensive retail experience and management team, failed to do.
I believe the answer to these questions potentially leads us to the real reason the business was sold. Had it not been sold, Sir Philip and his companies would have had to invest money into the company and its pension scheme, or face its failing while in his ownership.
Belfast Telegraph Digital