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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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'Strong emotional tie' to BHS ended 'once it was sold'

Asked about his "strong emotional tie" to BHS by the parliamentary inquiry into the beleaguered retailer, Sir Philip Green told MPs: "Once it was sold, it was sold."

Richard Fuller MP, referring to an earlier statement by the ex-BHS boss, asked: "Earlier on... you said you had 'too strong an emotional tie', so how did you let it go after you sold the business, that emotional connection."

"Once it was sold, it was sold," the tycoon replied.

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

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