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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 had no idea Sports Direct wanted to buy BHS

Ex-BHS boss Sir Philip Green insisted that he had "zero" idea that Mike Ashley's Sports Direct wanted to buy BHS.

Parliamentary inquiry chair, Iain Wright MP said this contradicted a letter he received from Mr Ashley which said there was a meeting on April 21, which Sir Philip did not attend, but there was telephone contact with him over the following weekend.

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