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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 'insulted' by suggestion he blocked BHS deal

Ex-BHS boss Sir Philip Green reacted to a suggestion the reason that could have motivated his alleged blocking of a deal to save the ailing high-street chain could have been down to "ego" by branding the implication as an "insult".

He told MPs from the Business and Pensions committees that it was "really rude" that such a suggestion had been made and called for an apology from the panel.

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