Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Philip Green Should Lose Knighthood, Say UK MPs

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.
Sir Philip Green (centre) | Source: Wikimedia Commons
By
  • Associated Press

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.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024