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Article

25 Jul 2016

Author:
BBC

UK: Sir Philip Green left BHS on 'life support', MPs find

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Sir Philip Green and others who "got rich" from BHS have been blamed for the retailer's collapse in what MPs called the "unacceptable face of capitalism".

A damning MPs' report found Sir Philip, the billionaire former owner of BHS, extracted large sums and left the business on "life support".

His failure to resolve BHS's £571m pension deficit was a major factor in the firm's demise, the report added.