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Sir Philip apologises to BHS staff and vows to 'sort' pension scheme

Sir Philip Green has apologised to the staff of collapsed retailer BHS, adding that he will "sort" the firm's dilapidated pension scheme which has a £571 million black hole.

On Wednesday, the Topshop billionaire faced MPs from the Business and Pensions committees who are investigating the firm's failure.

He said: "I just want to apologise to all the BHS people who are involved in this and have been involved."

Sir Philip told MPs he offered £5m to help Mike Ashley secure a deal for BHS after the high-street chain went into administration.

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Sir Philip: 'I made a bad call' selling BHS to Chappell

Sir Philip Green has admitted that he "picked the wrong guy" to take over his BHS empire and "made a bad call" in opting to sell the business to Dominic Chappell’s Retail Acquisitions company RAL.

Describing the fact the company had gone into administration as a "horrible ending" he said he "didn't do it with any intent" but he did choose the wrong person to take the helm at the high-street chain.

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