Retail entrepreneur’s £80m offer to Pension Protection Fund is clearly inadequate in context of £571m deficitSympathy for BHS’s 11000 staff deepens when you read how Dominic Chappell,the boss of its owner Retail Acquisitions, finished his farewell email to staff. “I would like to say it has been a genuine pleasure working with all of you on the BHS project, or one I will never forget,” he writes, crassly missing the required tone. No, and Mr Chappell,BHS was never a project” for the staff. It is how they earned their living and made plans to fund their retirement. Related: BHS collapses into administration as rescue deal fails Continue reading...
Source: theguardian.com