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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 'knew Chappell was bankrupt' before BHS sale

Ex-BHS boss told MPs he knew Dominic Chappell was bankrupt before selling the retail firm to him for £1 but he insisted "people go back into business".

He said he never met Chappell before he was cleared by "the gatekeeper" to discuss the deal.

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