The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — British lawmakers say the former boss of failed retailer BHS should be stripped of his knighthood after the chain of stores collapsed with the loss of 11,000 jobs.
The vote is nonbinding, but it is rare for Parliament to intervene on the issue of honours.
BHS, whose stores had stood on British streets since the 1920s, went into administration in April, leaving behind a £571 million ($698 million) pension black hole.
On Thursday furious lawmakers criticised Sir Philip Green, who sold BHS for £1 shortly before it collapsed.
ADVERTISEMENT
Labour legislator David Winnick said Green had "shamed British capitalism," and others accused him of asset-stripping BHS before discarding it.
Prime Minister Theresa May's office said a decision on the knighthood was a matter for the independent Honours Forfeiture Committee.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.