Goldman Sachs executive tells MPs that Arcadia was told Dominic Chappell had history of bankruptcies and lacked retail experience
Sir Philip Green’s retail business was warned before the sale of BHS that Dominic Chappell, the man who led the buyout, had a history of bankruptcies and lacked experience in the retail industry.
A key executive for Goldman Sachs told Paul Budge, the finance director of Green’s retail business Arcadia, about Chappell’s background in the run-up to the deal, MPs heard on Monday.
Related: How Philip Green, the £3.2bn king of the high street, lost his shine
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